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- Flueid Secures $8.3M to Advance Title Verification Technology
Flueid Secures $8.3M to Advance Title Verification Technology
Slice of Real Estate Team
November 05, 2024
Key Highlights:
$8.3M funding secured to scale VOT™ technology, led by LiveOak Ventures
Enhanced VOT™ solutions aim to streamline title verification, reducing transaction timelines
Investment includes Detroit Venture Partners, Aquiline, and Commerce Ventures
Funding to accelerate product development and go-to-market expansion
Source: Business Wire
Notable Quotes:
"With this funding and the collaboration of our investment partners, we’re confident we can establish VOT as a standard verification service across all transactions."
"Our investment in Flueid exemplifies this strategy and continues our rich tradition of backing technology leaders in the real estate industry."
"Flueid’s vision for VOT will be transformational within the mortgage space."
Our Take:
Flueid’s recent funding underscores the rapid adoption of digital solutions in real estate, reflecting the industry's demand for efficient and transparent transaction processes. With the backing of LiveOak Ventures and other high-profile investors, Flueid's VOT technology is set to redefine title verification, minimizing delays traditionally seen in title processing. This funding not only strengthens Flueid’s market position but also signals investor confidence in technology-driven real estate solutions that enhance both speed and risk assessment. As title verification moves to the forefront of mortgage origination and servicing, Flueid is well-positioned to set industry standards, driving seamless integration between mortgage originators and title providers.