# Snapdocs

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.snapdocs.com
- Total disclosed funding: $250M
- Latest round: Series D (Apr 29, 2021)
- Investors on record: 11

## About

Based in California, US, and founded in 2012 by Aaron King, Snapdocs, Inc. operates as a mortgage technology company that offers a digital loan closing platform for lenders, titles, and escrow companies. In May 2021, Snapdocs, Inc. raised USD 150 million in a Series D funding led by Tiger Global Management, with participation from Alkeon Capital Management, Wellington Management, F-Prime Capital, Maverick Ventures, Sequoia Capital, and Y Combinator. The Series D funding values Snapdocs, Inc. at USD 1.5 billion post-money. Aaron King is the CEO of Snapdocs, Inc. As of November 2019, the company employs 225 employees and had over 130,000 real estate professionals and 50,000 customers on its platform, and more than 750,000 mortgage closings annually, amounting to USD 150 billion in transactions.

Snapdocs offers an AI technology-connected platform to over 130,000 mortgage professionals to automate manual work and digitize paper processes for mortgage closings. For notary signing agents, the company offers a suite of advanced online tools for managing every aspect of notary signing service. For title/escrow, the company offers a digital layer that automates scheduling for 50k signings per month, manages payments over USD 4 million per month, consumer scheduling and hybrid signing across any device. In addition, the company’s platform connects and integrates with various real estate technologies, working with loan origination, point of sale, title production, enote, and remote online notary solutions to enable them to seamlessly interact at scale.

In 2020, Snapdocs saw 100% year-over-year growth in revenues. 

The company plans to use its proceeds from the Series D funding to build the digital infrastructure that connects lenders, settlement services and borrowers together to digitize mortgage closings at scale.

## Funding rounds

- Series D, Apr 29, 2021, $150M — Hong Shan, F-Prime Capital, Wellington Management, Tiger Global Management, Alkeon Capital Management, Maverick Capital, Y Combinator
- Series C, Sep 25, 2020, $75M — Hong Shan, Founders Fund, F-Prime Capital, DocuSign, Inc., Maverick Capital, Y Combinator
- Series B, Sep 26, 2019, $25M — Hong Shan, Founders Fund, F-Prime Capital, Freestyle VC
- Seed, Dec 8, 2015 — Freestyle VC
- Seed, Jul 9, 2015 — Accelerator Ventures

## Investors

- Accelerator Ventures (https://capitalatlas.ai/funds/accelerator-ventures) — Seed
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series B
- Hong Shan — Series B, Series C, Series D
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B, Series C
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series B, Series C, Series D
- DocuSign, Inc. — Series C
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Series C, Series D
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series C, Series D
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series D