Qualia Raises $33 Million in Series B Funding

Qualia, a real estate technology company that aims to streamline the home closing process, today announced that it has closed a $33 million Series B round led by Menlo Ventures, with participation from 8VC, Bienville Capital, and Barry Sternlicht.

Qualia addresses the lack of technology in the $40 billion home closing industry by bringing everyone involved in the transaction – lenders, realtors, title agents, home buyers and sellers – onto a single shared secure platform to work in tandem, simplify tasks, and process documents in real time. According to the company, five percent of national real estate transactions are currently managed using Qualia.

With the new capital, the company will expand its engineering and product teams and accelerate growth into additional markets across the U.S.