ClosingLock, a proptech, fintech, and payments fraud startup focused on modernizing the real estate transaction process, announced that it has closed a $4M seed round led by Live Oak Bank with participation from RWT Horizons and GTMfund. The funds will go into growing the company’s sales, customer service, and product development teams. One of the biggest issues in real estate today is wire fraud, which is thought to cost the sector over $1 billion in lost money annually. ClosingLock will facilitate secure title and escrow transactions through their secure portal technology and workflow platform.
Closinglock Announces $4M in Funding led by LiveOak Venture Partners