Notarize Raises $130 Million in Massive Push for Online Notarization

This post was originally published on this site

Notarize, a digital notary company out of Boston, just announced a $130 million Series D fundraise. After a huge 2020 and start to 2021, driven by a COVID-accelerated shift to digital, Notarize is raising the capital to keep pushing.

Canapi Ventures led the funding round, while Alphabet’s (NASDAQ: GOOGL) independent growth fund, CapitalG, as well as Citi Ventures, Wells Fargo (NYSE: WFC), True Bridge Partners, Camber Creek, Ludlow Ventures, NAR’s Second Century Ventures, and Fifth Wall Ventures also joined. That’s a nice mix of strategic corporate venture arms and proptech-focused venture capital funds.

More on Notarize

Notarize’s business, although difficult to execute, is easy to explain. The company is working on taking the process of getting documents signed and notarized online.

As you probably could have guessed, the pandemic has been a tailwind for Notarize. With the immediate push to digital as the pandemic began, Notarize has increased year-over-year revenue by 600% since March 2020. Meanwhile, the company has landed new deals with Adobe (NASDAQ: ADBE), TIAA, Dropbox (NASDAQ: DBX), Redfin (NASDAQ: RDFN), Zillow Group (NASDAQ: ZG), First American Financial (NYSE: FAF), Transamerica, Stripe, and JD Power & Associates.

Pat Kinsel, Founder and CEO of Notarize, explained: