US-based digital notary services provider Notarize has received $130m in a series D round featuring internet and technology group Alphabet and financial services firms Citi and Wells Fargo.
Fintech-focused venture capital firm Canapi Ventures led the round, which included asset manager True Bridge Partners, VC firms Camber Creek, Ludlow Ventures and Fifth Wall Ventures and Second Century Ventures, a fund launched by National Association of Realtors.
Alphabet took part in the round through its growth equity unit, CapitalG, while Citi participated through corporate venturing arm Citi Ventures. The round valued the company at $760m according to TechCrunch.
Formerly known as 16 Pins, Notarize operates an online platform enabling consumers and businesses that enables users to sign and notarise legal documents. It will use the capital injection to support the development and expansion of its platform and products.
Notarize has pulled in $213m of funding to date, including $35m from a series C round in July 2020 co-led by Camber Creek and Polaris Partners with investments from unnamed existing backers.
The company closed its series B round at $36.9m in August 2019, after Polaris Partners led a $20m first tranche also backed by property developer Lennar and an undisclosed subsidiary of real estate services firm Realogy Holdings as well as Second Century Ventures, Founders Fund and Fifth Wall Ventures.
Founders Fund, Polaris Partners and Ludlow Ventures had supplied $8m of series A funding for Notarize in 2016 after the last two had supplied $2.4m in seed funding earlier that year.