# Qualia Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qualia-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.qualia.com
- Total disclosed funding: $150M
- Latest round: Series D (Dec 21, 2020)
- Investors on record: 8

## About

Qualia Labs, Inc. is a technology company based in the US, providing innovative cloud-based solutions that enhance efficiency and transparency in title, escrow, and eClosing processes within the real estate sector.Founded in 2015 and headquartered in San Francisco, US, Qualia Labs, Inc. specializes in developing software for real estate transactions. The company has executed a total of 6 deals, with its most recent funding round, a Series D, occurring on March 19, 2021, raising USD 40.000 mn, bringing the total amount raised to USD 40.000 mn and a current valuation of USD 2167.448 mn. The founding team includes Connie Manz, Coral Friedman, Jacinto Moreta, Joel Gottsegen, Joshua Davey, Lucas Hansen, Nate Baker, and Pablo Heise. The current CEO is Cláudia Russo.Qualia offers a comprehensive suite of cloud-based solutions designed to streamline the title, escrow, and eClosing processes in the real estate industry. Their core product offerings include a secure closing platform, title and escrow production software, and a vendor management system, all aimed at enhancing simplicity, consistency, and transparency in real estate transactions. These solutions cater to a diverse clientele, including title companies, escrow agents, mortgage professionals, and real estate agents, with over 1 million users reported across the ecosystem. Notably, Qualia's products enable users to manage complex workflows, facilitate secure bi-directional data exchange, and improve the client closing experience. The company operates across North America, with its services available in key markets such as the United States and Canada, ensuring that it meets the needs of various stakeholders throughout the real estate closing process.Qualia generates revenue through a subscription-based model, providing access to its advanced title and escrow software solutions. The company engages its clients—ranging from title agencies to real estate professionals—through a structured partnership framework. Clients typically pay for specific services, which may include different pricing tiers for their flagship products like Qualia Clear and Qualia Shield, designed to enhance operational efficiency and security. Transactions occur as users subscribe to the platform, allowing them to leverage tools like workflow management, reporting, and fraud detection on a recurring basis. Through these offerings, Qualia not only supports individual transactions but also promotes long-term client relationships, enhancing operational scaling and collaboration within the real estate industry.Qualia Labs, Inc. plans to utilize its recent Series D funding of USD 40.000 mn to enhance product development and explore new market opportunities. The company is looking to launch new features within its existing products by the end of 2022 to further improve the user experience. Additionally, Qualia aims to expand its services into emerging markets in Asia and Europe by mid-2023, targeting regions that exhibit growth potential in the real estate sector. This strategic expansion is intended to broaden its client base and enhance its competitive positioning.

## Funding rounds

- Series D, Dec 21, 2020, $61M — Menlo Ventures, Tiger Global Management, 8VC
- Series C, Nov 1, 2019, $51M — Menlo Ventures, Tiger Global Management, Bienville Capital Management, 8VC
- Series B, Mar 2, 2018, $33M — Menlo Ventures, Bienville Capital Management, 8VC, Clocktower Technology Ventures, Human Capital
- Series A, Dec 16, 2016 — Bienville Capital Management
- Series A, Oct 13, 2015, $5.5M — Formation8, LeFrak

## Investors

- Formation8 (https://capitalatlas.ai/funds/formation8) — Series A
- LeFrak (https://capitalatlas.ai/funds/lefrak) — Series A
- Bienville Capital Management (https://capitalatlas.ai/funds/bienville-capital-management) — Series A, Series B, Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C, Series D
- 8VC (https://capitalatlas.ai/funds/8vc) — Series B, Series C, Series D
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series B
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D