Real Estate Startup JetClosing Raises $1.4 Million

JetClosing announced it has secured $1.4 million in financing from Trilogy Equity Partners with participation from other existing investors.

JetClosing aims to remove paper forms and move the real estate closing process to the cloud. By doing so, the company says it can reduce the amount of closing time, increase transparency, and cut costs with a more efficient model. JetClosing makes money by charging a fee as part of the transaction when it closes.

With the close of the new funding, Trilogy partner Donald Guthrie, who was formerly vice chairman of Western Wireless and VoiceStream Wireless, will join the company’s board. Currently operating in Washington and Arizona, JetClosing will use the fresh cash to expand into multiple states.