# cloudvirga

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudvirga

- Industry: Software
- Headquarters: Irvine, US
- Website: www.cloudvirga.com
- Total disclosed funding: $68M
- Latest round: Series C (May 7, 2018)
- Investors on record: 4

## About

Cloudvirga, Inc. provides innovative mortgage technology solutions that streamline loan origination processes for Independent Mortgage Banks (IMBs), enhancing operational efficiency and productivity across the financial sector.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. The company has completed 5 deals to date, with its total amount raised standing at USD 12.00 mn, all from the latest funding round in 2021.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 customer base primarily consists of mortgage lenders and financial institutions operating across the United States, where they have established a significant presence in major metropolitan markets.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. Transactions occur on a business-to-business basis, where IMBs pay for access to Cloudvirga’s technology services to enhance their loan origination processes.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. The funding raised will support these initiatives by providing the necessary resources for product development and market entry strategies.

## Funding rounds

- Series C, May 7, 2018, $60M — Upfront, Riverwood Capital
- Series A, Jul 28, 2016, $7.5M — Upfront, Dallas Capital Management, Tribeca Angels

## Investors

- Upfront (https://capitalatlas.ai/funds/upfront) — Series A, Series C
- Dallas Capital Management (https://capitalatlas.ai/funds/dallas-capital-management) — Series A
- Tribeca Angels — Series A
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series C