# Morty

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.morty.com
- Total disclosed funding: $37M
- Latest round: Series B (Jun 8, 2021)
- Investors on record: 10

## About

Morty, Inc. is a mortgage technology company that streamlines the home financing process for lenders and brokers through an innovative platform, enhancing efficiency and compliance in mortgage operations.Founded in 2015 in New York, US, Morty, Inc. specializes in mortgage technology solutions. Co-founders Nora Apsel, Adam Rothblatt, and Brian Faux previously worked in various capacities within the real estate and technology sectors. The company raised USD 25 mn in Series B funding on June 8, 2021, led by March Capital Partners, with participation from other notable investors such as FJ Labs and Thrive Capital. This funding round is the total amount raised to date, encompassing six investment deals.Morty offers a comprehensive mortgage platform aimed at optimizing the home financing process for mortgage businesses. The platform includes essential functionalities like licensing, loan origination systems (LOS), point-of-sale (POS) tools, pricing engines, and compliance management. It primarily serves mortgage brokers and lenders in the United States, facilitating access to over 25 lenders and various loan products, while promoting scalable and compliant operations.Morty's revenue model is subscription-based, allowing mortgage businesses to utilize its integrated platform tailored to their operational needs. Clients engage with tiered offerings, which support onboarding mortgage brokers and provide tools for licensing, compliance, and loan origination. The platform's features, including the AI Loan Advisor, enhance productivity and efficiency, critical for reducing traditional loan processing costs. As clients scale, customized solutions are available to further enhance their capabilities.Following the Series B funding of USD 25 mn raised in June 2021, Morty plans to focus on hiring, consumer marketing, and product expansion. The company is working on introducing new products that will enhance their mortgage technology offerings, with an emphasis on expanding into additional states where they are not currently licensed. The funding will support these strategic initiatives, aiming to bolster their market presence and improve service delivery.

## Funding rounds

- Series B, Jun 8, 2021, $25M — Lerer Hippeau Ventures, Rethink Capital Partners, Thrive Capital, March Capital, Prudence, FJ Labs, MetaProp
- Series A, Aug 7, 2019, $8.5M — Lerer Hippeau Ventures, Thrive Capital, Prudence
- Seed, Oct 4, 2018 — MetaProp
- Seed, May 2, 2017, $3M — SV Angel, Thrive Capital, Techstars, Alpaca, FJ Labs, MetaProp
- Seed, Jan 17, 2017 — FJ Labs
- Angel, Jun 20, 2016, $0.3M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Angel, Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Seed, Series A, Series B
- Alpaca (https://capitalatlas.ai/funds/alpaca) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed, Series B
- Lerer Hippeau Ventures — Series A, Series B
- Prudence (https://capitalatlas.ai/funds/prudence) — Series A, Series B
- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series B