Fundraising Fox
FirstClose
Austin, US · Founded 2019 · Delaware corporation · 70 employees on LinkedIn · 1 known investors
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FirstClose provides a software platform that helps financial institutions run and automate their home equity lending process, including real-time equity modeling, soft credit pulls, prequalification, order management, and a vetted provider marketplace. It serves banks and mortgage lenders in the U.S. seeking to reduce application drop-off and shorten time to close.
Founders & leadership
FirstClose was founded in 2019 by Tedd R Smith.
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Tedd R SmithFounder · Chief Executive OfficerTedd R Smith has over 30 years of executive experience in mortgage origination and settlement services, holding a BBA in Marketing from the University of Texas at Austin. He previously founded and sold TransUnion Flood Zones, Inc., and is now Executive Officer and Director of FirstClose, a software platform serving financial institutions.
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Tim SmithCo-Founder\Chief Strategy OfficerWith over 26 years of experience in SaaS and mortgage lending, he leads sales, marketing, and business development for the company.
Board
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Stuart BardenBoard director
MA
Matt AndersenBoard director
Investors · 1
Reported raises · per SEC filings
Form D private placements$22.7M disclosed across 2 rounds · 2022–2025
▶$4.7MraisedOct 2025 · 2 investors · Other TechnologyRule 506(b)
▶$4.7MraisedOct 2025 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tim SmithExecutive Officer, Director
- Stuart BardenDirector
- Matt AndersenDirector
- Tedd R SmithExecutive Officer, Director
- Offering amount
- $4.7M
- Amount sold
- $4.7M
- First sale
- Sep 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$18MraisedMay 2022 · 1 investors · Other TechnologyRule 506(b)
▶$18MraisedMay 2022 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tedd R SmithExecutive Officer, Director
- Offering amount
- $18M
- Amount sold
- $18M
- Sales commissions
- $671K
- Placement agents
- FNEX Capital, LLC
- First sale
- May 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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In the news
Frequently asked questions
- What does FirstClose do?
- FirstClose provides a software platform that helps financial institutions run and automate their home equity lending process, including real-time equity modeling, soft credit pulls, prequalification, order management, and a vetted provider marketplace. It serves banks and mortgage lenders in the U.S. seeking to reduce application drop-off and shorten time to close.
- Who founded FirstClose?
- FirstClose was founded by Tedd R Smith in 2019.
- Who are FirstClose's investors?
- FirstClose's investors include Cypress Growth Capital.
- How much funding has FirstClose raised?
- FirstClose has disclosed $22.7M raised across 2 rounds.
- Where is FirstClose headquartered?
- FirstClose is headquartered in Austin, US.