cloudvirga
Latest round
- Series C
Last raised
- May 2018
Total raised
- $68M
Investors
- 4
About cloudvirga
Cloudvirga, Inc.Cloudvirga, Inc. specializes in technology solutions for the mortgage industry, facilitating easier loan origination tasks. Founded in 2016 in Irvine, US, the company has undergone significant developments, notably being acquired by Stewart Information Services Corp on May 25, 2021, for an undisclosed amount. Mark Attaway, the founder, has a background in entrepreneurship within the tech sector, contributing to the company's innovative approach. The CEO, Daniel Akiva, alongside Maria Moskver, continues to lead the firm in its strategic direction.Cloudvirga specializes in providing innovative mortgage technology solutions designed to enhance the efficiency of Independent Mortgage Banks (IMBs). Their core offerings include a seamless integration with the Encompass platform, which allows for effortless synchronization of loan data without the need for manual re-entry. This integration is complemented by automation-driven efficiencies that streamline workflows, enabling faster loan closures while reducing operational costs. The products target the specific pain points of IMBs by automating various processes involved in loan origination, thereby improving overall productivity.Cloudvirga’s revenue model is structured around subscription services that allow clients to access their suite of mortgage technology tools. Clients engage with the company through various pricing plans that cater to the needs of different-sized lenders. For instance, clients may choose flexible pricing options that do not bind them to rigid contracts, facilitating a cost-effective approach to adopting technology solutions. The implementation process is designed to be swift, typically completed in under 30 days, which adds to the appeal for potential customers.Following the acquisition by Stewart Information Services Corp in May 2021, Cloudvirga is poised to enhance its product offerings and expand its market presence. The company is developing new products aimed at further automating the loan origination process, with release dates expected in the next business cycle. Additionally, Cloudvirga plans to target expansion into new geographic regions, focusing on markets where mortgage technology solutions are underrepresented.
Who invested in cloudvirga
4 investors across 2 rounds
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Questions about cloudvirga
Who invested in cloudvirga?
cloudvirga has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has cloudvirga raised?
cloudvirga has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did cloudvirga last raise money?
cloudvirga's most recent round on record is a Series C, in May 2018.
What does cloudvirga do?
cloudvirga is a software company.
Where is cloudvirga headquartered?
cloudvirga is headquartered in Irvine, US.
Which VCs invest in companies like cloudvirga?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at cloudvirga's stage. Their profiles are linked below.
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