Flueid, providers of a digital solution designed to enable immediate certainty for title insurability, backed by a choice of underwriters, at the start of the loan lifecycle, announced a Series A funding round led by Aquiline Technology Growth (ATG) with additional participation from Commerce Ventures.
The funding will be used to fuel expansion of the Flueid platform, support business development growth, and expand integrations with client and industry partners.
“Flueid has innovative technology that addresses many pressing challenges found in the traditional loan lifecycle,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners ATG. “We’re confident in Flueid’s ability to bring technology and automation to the title insurance, real estate and mortgage lending industries.”
The company says its technology delivers instant transparency that mitigates and measurably reduces risk for all parties involved in the transaction.
In addition, the solution provides clear informational and action items throughout loan origination, fulfillment, and closing, enabling measurably reduced cycle times while increasing pull-through.
“This funding validates a year of record growth and revenue,” said Peter Bowman, CEO of Flueid. “We’re delivering key real estate industry differentiators without disrupting workflow for a variety of customers, including new FinTech solution providers who are digitizing the mortgage process. It has been exciting to witness how Flueid’s technology is driving efficiency and measurably reducing risk for all customers, while effectively streamlining the management of their pipeline.”