Qualia, a real estate technology company that streamlines the home closing process has closed a $33M Series B led by Menlo Ventures with participation from 8VC, Bienville Capital, and Barry Sternlicht. With this new capital, Qualia will expand its engineering and product teams and accelerate their growth into additional markets across the U.S.
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“Until Qualia, the confusion and pain during the home closing process was widely considered a rite of passage to the world of home ownership,” said Nate Baker, founder and CEO of Qualia. “We streamline the home buying experience for all parties and make coordination unbelievably simple for lenders, realtors, and settlement agents. Buyers are also empowered by using our app to better understand their transaction and communicate with their closing team, so they’re kept in the loop about their home purchase every step of the way.”
Today, five percent of the national real estate market is transacted through Qualia, a growth that came quickly after expanding its platform nationwide late last year. The company is on track to quickly increase this percentage and become the primary, leading software platform of the real estate closing process.