Fundraising Fox

Qualia

Unicorn · $1B

San Francisco, US · Founded 2015 · Delaware corporation · 660 employees on LinkedIn · 9 known investors

Qualia provides cloud-based title, escrow, and eClosing software with an online order fulfillment platform and vendor integrations for managing real estate closings. It serves title, escrow, mortgage, and real estate professionals involved in the home closing process.

Also known as Qualia Labs

Founders & leadership

Qualia was founded in 2015 by Nathan Baker.

NB
Nathan BakerFounder

Board

AKAlex Kolicich
Alex Kolicichin𝕏Board directorInvestment Team at 8VC
TSTyler Sosin
Tyler Sosinin𝕏Board directorBoard Partner at Menlo Ventures

Investors · 9

Reported raises · per SEC filings

Form D private placements

$191.5M disclosed across 5 rounds · 2015–2021

$40MraisedApr 2021 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lucas HansenDirector
  • Nathan BakerExecutive Officer, Director
  • Alex KolicichDirector
  • Tyler SosinDirector
  • Joel GottsegenDirector
Offering amount
$40M
Amount sold
$40M
First sale
Mar 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$61MraisedDec 2020 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lucas HansenDirector
  • Joel GottsegenDirector
  • Tyler SosinDirector
  • Nathan BakerExecutive Officer, Director
  • Alex KolicichDirector
Offering amount
$65M
Amount sold
$61M
First sale
Dec 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$50.5MraisedNov 2019 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nathan BakerExecutive Officer, Director, Promoter
  • Alex KolicichDirector
  • Tyler SosinDirector
  • Joel GottsegenDirector
  • Lucas HansenDirector
Offering amount
$55M
Amount sold
$50.5M
First sale
Nov 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7.2MraisedOct 2019 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • NATHAN BAKERExecutive Officer, Director, Promoter
Offering amount
$7.2M
Amount sold
$7.2M
First sale
Sep 2015
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32.8MraisedMar 2018 · 56 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nathan BakerExecutive Officer, Director, Promoter
  • Alex KolicichDirector
  • Tyler SosinDirector
Offering amount
$33M
Amount sold
$32.8M
First sale
Mar 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$1Bvaluation at Series DDec 2020
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Qualia is a real estate technology company that provides a cloud-based closing and settlement platform intended to replace paper-based, in-person residential closing processes with a shared digital system of record. Its platform brings together the parties to a transaction — homebuyers and sellers, title and escrow agents, escrow officers, lenders, real estate agents and closing-service vendors — into one secure environment, and the company states it powers real estate transactions across all 50 U.S. states.

The product suite spans title and escrow production software (Core), an agentic AI system (Qualia Clear), a secure client-facing closing platform (Connect), wire fraud detection (Shield), a vendor management marketplace, an enterprise title and escrow system (Atlas), the customizable ResWare title production platform, an underwriter/agency management system (Assure), and a managed reconciliation service staffed by dedicated specialists. Connect adds multi-channel client communication including SMS and Qualia Texting, a progress tracker, eSign, magic-link access, smart action automations, and generative-AI features such as an AI Data Importer that extracts order information and contacts from messages and AI-suggested email responses. Marketplace lets users search hundreds of rated vendors for services such as title search, tax search, payoffs, HOA document acquisition, municipal lien search, notary services, survey, release tracking, title curative and home warranty, with automated order placement, results delivered directly into the file, and price and turn-time reporting.

Qualia supports its customers with Qualia University, a self-paced online training program with video modules, quizzes and professional certifications, plus case studies, webinars, eGuides and phone/email/chat support. The company states it undergoes independent third-party security audits and maintains certifications including SOC 2.

Founding story

Qualia was founded in 2015 by Nate Baker, Joel Gottsegen and Lucas Hansen, described as Forbes 30 Under 30 award recipients. Nate Baker serves as co-founder and CEO.

Business model

Qualia sells software to businesses in the residential real estate closing chain — title and escrow companies, enterprise operations, title insurers, closing-service providers, lenders and real estate agents — with a published pricing page and a demo-request sales motion. It also operates a Marketplace through which vendors distribute closing services to Qualia-powered clients, and offers a managed reconciliation service alongside its software.

The sources indicate a software/platform offering with a pricing page and demo-driven sales, plus a vendor Marketplace described as a turn-key distribution platform for closing-service providers; specific pricing or contract terms are not disclosed in the sources.

Traction

Reported milestones include over half a million real estate professionals having used the platform since its 2015 launch (as of December 2020) and over one million title, escrow, mortgage and real estate professionals cited on the current website. Headcount grew from over 220 employees in November 2019 to nearly 400 in December 2020, when the company said its team had nearly doubled in the prior year. Qualia was selected as the system of record for Iowa Title Guaranty and reported customers including technology-enabled real estate companies such as Redfin, REX and Orchard; customer references include Allied Title, Omni Title, Dalton and Finegold, Windermere Real Estate, Patten Title, Paramount Title Agency and National Title Solutions.

Latest developments

The current website promotes Qualia Clear 2.0, a next-generation agentic AI system marketed as automating 80% of title and escrow work, alongside AI features in Connect (AI Data Importer, Suggested Responses), Qualia Texting for SMS client communication, and the Shield wire fraud detection and Assure underwriter management products. Published resources reference Connect features for a competitive edge in 2026.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Qualia describes itself as the real estate and mortgage industry's leading digital closing platform and as the '#1 rated closing software.' In November 2019 it reported growing from 5% of U.S. real estate transactions in March 2018 to more than 15%, processing over one million transactions per year and completing closings in 82% of U.S. counties. In December 2020 it reported a valuation above $1 billion, making it a unicorn, and cited recognition on the CB Insights Fintech 250 list.

Positioning centers on a single shared system of record connecting all closing participants rather than point tools, breadth of product coverage from production software to consumer-facing portal, underwriter systems and a vendor marketplace, a large integration network, security emphasis (SOC 2, wire fraud detection, first technology company to join the Coalition to Stop Real Estate Wire Fraud), and AI-based automation of title and escrow work. Investors cited high SaaS retention rates as a differentiator.

Technology

A cloud-based, browser-accessible closing platform described as a shared system of record, with extensive integrations to service partners and banks, an on-premises/customizable title production option via ResWare, and a native Remote Online Notarization capability launched in 2020. Recent releases add generative and agentic AI: Qualia Clear 2.0 for automating title and escrow work, an AI Data Importer for extracting order data from messages, and AI-suggested responses. Security features include wire fraud detection (Shield), third-party audits and SOC 2 certification.

Go-to-market

Direct enterprise and SMB sales via demo requests, supported by case studies, webinars, events, eGuides and a blog; a Bank Partner Network and Marketplace vendor program extend distribution; onboarding and adoption are supported by Qualia University training and certification. The company said 2019 funding would be used to hire in product, engineering and go-to-market and to build strategic partnerships.

Title and escrow companies, enterprise title and escrow operations, title insurers and underwriters, closing-service and vendor providers, mortgage lenders, real estate agents and brokerages, and consumers (homebuyers, sellers and borrowers).

Geography

United States-focused: the company states it powers transactions across all 50 states and reported closings in 82% of U.S. counties as of 2019. Headquarters in San Francisco, California, with offices in Austin, Texas.

History

Founded in 2015 and launched the same year. By November 2019 the company had raised a $55 million Series C led by Tiger Global, bringing total funding to $95 million, and had over 220 employees. In December 2020 it raised a $65 million Series D led by Tiger Global with 8VC and Menlo Ventures, reaching $160 million in total funding and a valuation above $1 billion, and simultaneously acquired Adeptive Software, developer of the ResWare title and escrow production platform. During 2020 it also launched platforms for mortgage lenders and title insurers, support for technology-enabled brokerages, and native Remote Online Notarization.

Risks & controversies

The sources do not report litigation, regulatory actions or controversies. Performance figures such as the 75% workload reduction, 80% automation and 80% title-search entry time reduction are company-reported or user-reported claims rather than independently verified metrics, and market-share and headcount figures date to 2019-2020.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesDec 2020400 people
Marketplace title search entry time reductionJan 202680%
Professionals on platformJan 20261,000,000 professionals
Real estate professionals using platformDec 2020500,000 professionals
Reported workload reductionJan 202675%
Share of US real estate transactionsNov 201915%
Title escrow work automated qualia clear 2Jan 202680%
Total funding to dateDec 2020$160M
Transactions processed annuallyNov 20191,000,000 transactions/year
US county coverageNov 201982%
ValuationDec 2020$1B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 6

by search overlap
Wise302 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Zillow302 shared keywordsZillow operates an online real estate marketplace where consumers can search homes for sale and rentals across US and Canadian cities, view mortgage rate information, and access home financing through Zillow Home Loans. It covers residential property listings, apartments and houses for rent, and mortgage services nationwide.
Experian287 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Chase254 shared keywordsA wealth management and investing service (J.P. Morgan Wealth Management via Chase) offering self-directed brokerage accounts with commission-free online trades as well as one-on-one advisor services, financial planning tools, and retirement accounts. It serves individual retail investors ranging from beginners to experienced investors in the United States.
Certifid222 shared keywordsCertifID provides a secure platform for real estate closings, protecting the movement of funds like earnest money deposits and cash to close for buyers, sellers, and title agents. It offers wire fraud prevention, insurance coverage, and a fraud recovery service that works with law enforcement to help scam victims.
Intuit®215 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

Companies competing with Qualia for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 9

launches, deals, and filings
Jan 2026
Qualia Clear 2.0 announced

Website promotes 'Introducing Qualia Clear 2.0', the next generation of its agentic AI system, marketed as automating 80% of title and escrow work.

source ↗

Dec 2020
Qualia acquires Adeptive Software, developer of ResWare

Qualia announced the acquisition of Adeptive Software, developer of the ResWare title and escrow production platform, which had an almost 20-year track record serving large underwriters and title and escrow companies. Bryan Buus was President of Adeptive at the time.

source ↗

Dec 2020
Named to CB Insights Fintech 250 and Forbes America's Best Startup Employers

Company reported being named to the CB Insights Fintech 250 list and recognized by Forbes as one of America's Best Startup Employers.

source ↗

Dec 2020
Qualia raises $65M Series D at over $1 billion valuation

Series D led by existing investor Tiger Global alongside 8VC and Menlo Ventures, increasing total funding to $160 million and valuing the company at over $1 billion.

$65M source ↗

Jan 2020
Launch of lender/title-insurer platforms and native Remote Online Notarization

In the months preceding December 2020, Qualia released a platform supporting technology-enabled real estate companies such as Redfin, REX and Orchard, new platforms for mortgage lenders and title insurers, and a native Remote Online Notarization platform for fully remote closings.

source ↗

Nov 2019
ALTA Elite Provider designation and Great Place to Work Certification

Qualia reported being named an ALTA Elite Provider and receiving the Great Place to Work Certification.

source ↗

Nov 2019
Qualia raises $55M Series C led by Tiger Global

Series C financing led by Tiger Global with participation from existing investors Bienville Capital, 8VC and Menlo Ventures, bringing total funding to $95 million. Funds earmarked for hiring in product, engineering and go-to-market teams.

$55M source ↗

Nov 2019
First technology company to join the Coalition to Stop Real Estate Wire Fraud

source ↗

Nov 2019
Selected as system of record for Iowa Title Guaranty

Qualia was selected as the system of record for Iowa Title Guaranty, the state agency with exclusive authority to provide title coverage for Iowa real property.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
QualiaDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Qualia do?
Qualia builds cloud software for digital residential real estate closings used by title, escrow, lender and agent professionals.
Who founded Qualia?
Qualia was founded by Nathan Baker in 2015.
Who are Qualia's investors?
Qualia's investors include 8VC, Ballistic Ventures, Clocktower Ventures, Conversion Capital, Human Capital, Menlo Ventures, 10x Founders, Greycroft and 1 more.
How much funding has Qualia raised?
Qualia has disclosed $191.5M raised across 5 rounds.
Where is Qualia headquartered?
Qualia is headquartered in San Francisco, US.