Shaw also discussed technology trends in the mortgage industry and other technology perspectives. Those ideas are featured in a recent MPA story, which can be accessed here.
Real estate technology company Flueid plans to accelerate its product diversification and growth, fueled by $20 million in new financing.
That includes $15 million in a Series B raise and $5 million as an extension of the relationship with Silicon Valley Bank. Aquiline Technology Growth, a previous investor, led the Series B round, which also included previous investor Commerce Ventures.
The Fluidid platform uses title information and data to drive real estate transactions. It is designed to unlock data and integrate it into the core operating systems of point-of-sale platforms, lender operating systems, title production systems, service platforms, and marketplaces. By doing so, he hopes to enable more efficient decision-making in different parts of the real estate process.
The company describes itself as a hybrid of insurtech, proptech, and fintech. Its technology has supported more than a million transactions as of summer 2022 and has added home equity and purchase transactions to its platform’s existing refinancing capabilities.