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- Qualia
Qualia Revenue, Valuation, Funding & Investors
Qualia is valued at $1.5B as of September 2026, a 22.9x multiple on its last reported $65M revenue.
Last Qualia valuation
$1.5B
Undisclosed stage · Sep 2026
Last Qualia funding round
$50M
Undisclosed stage · Sep 2026
Qualia revenue
$65M
Undisclosed stage · Sep 2026
Key investors in Qualia
8VC
Menlo Ventures
LeFrak
Tiger Global
Human Capital
Bienville Capital
About Qualia
Qualia is a San Francisco-headquartered digital platform for real estate closings and refinances. Its cloud-based closing rooms consolidate documents, e-signatures, and payments for buyers, sellers, lenders, title agents, and realtors on a secure remote system. Launched in 2015, the company holds ALTA Elite Provider status and offices in Austin and Superior, Colorado. Qualia leads in cybersecurity as the first tech member of the Coalition to Stop Real Estate Wire Fraud.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$65M (Sep 2026)
Valuation
$1.5B (Sep 2026)
Qualia Valuation
Qualia is currently valued at $1.5B, based on its undisclosed-stage round in September 2026.
Qualia's valuation has grown 1.5x from $1B at its Series D in December 2020 to $1.5B in September 2026, across 2 priced rounds.
Qualia valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2026 | Undisclosed stage | $1.5B | 22.9x |
| Dec 2020 | Series D | $1B | - |
Qualia Revenue
Qualia's latest recorded revenue is $65M, as of its undisclosed-stage round in September 2026. At a $1.5B valuation, that implies a 22.9x revenue multiple.
Qualia revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2026 | $65M | $1.5B | 22.9x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Qualia Funding History
Qualia has raised a total of $210M across 5 funding rounds.
Qualia's first fundraising round was a $7M Series A in September 2015. The most recent completed round was a $50M undisclosed-stage round in September 2026.
Qualia funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Undisclosed stage | - | $50M | $1.5B | Qualia Labs Inc. raised $50 million in a Series E financing announced on August 27, 2026, with undisclosed investors participating and a reported post-money valuation of $1.48 billion. The round sits in Qualia’s later-stage venture financing history and was disclosed as new capital for the company rather than a merger, acquisition, or SPAC transaction. Qualia builds software for the real estate closing process, operating a SaaS platform focused on title, escrow, and digital transaction workflows for home purchases. The company had previously raised multiple venture rounds and had grown into a sizeable enterprise software business serving the real estate transaction stack. |
| Dec 2020 | Series D | Tiger Global (lead); Menlo Ventures; 8VC; LeFrak; 9Yards Capital | $65M | $1B | Qualia is the leading digital real estate closing technology company, providing a cloud-based platform that streamlines the home closing experience by bringing together homebuyers, sellers, lenders, title and escrow agents, and real estate agents on one secure remote platform. Launched in 2015 and headquartered in San Francisco with offices in Austin, the company had grown to nearly 400 employees by late 2020 and served over half a million real estate professionals. On December 21, 2020, Qualia raised $65 million in a Series D funding round led by Tiger Global, with participation from existing investors 8VC and Menlo Ventures, bringing total funding to $160 million and valuing the company at over $1 billion, achieving unicorn status. The round coincided with the acquisition of Adeptive Software, developer of ResWare, a title and escrow production software. The funding came amid a 2020 surge in refinances due to record lows, highlighting demand for digital closing tools; Qualia research indicated over half of homebuyers preferred fully digital closings, but only 13% of recent buyers experienced one. The capital positions Qualia to expand its infrastructure for digital transformation in real estate. Prior rounds included a $55M Series C in November 2019 with investors like 8VC, Bienville Capital, Tiger Global Management, and Menlo Ventures, plus earlier Series B and A financings. |
| Nov 2019 | Series C | Tiger Global (lead); Bienville Capital; Menlo Ventures; 8VC; Human Capital | $55M | - | Qualia is a San Francisco-based company founded in 2015 that provides cloud-based intent targeting and cross-screen audience association software, empowering marketers to target real-time consumer intent and optimize performance across devices. In November 2019, Qualia raised $55M in its Series C funding round from investors including 8VC, Bienville Capital, Human Capital, Menlo Ventures, and Tiger Global Management, following a $33M Series B in March 2018 and a $7M Series A in September 2015. Total funding reached $153M across three rounds, with $65M noted as the most recent amount in some overviews, though specifics align with the Series C. Qualia operates in the content and collaboration software sector with around 296 employees as of available data, focusing on marketing technology solutions. |
| Mar 2018 | Series B | Menlo Ventures (lead); Bienville Capital; 8VC; Human Capital; LeFrak; Clocktower Technology Ventures | $33M | - | Qualia is a real estate technology company that streamlines the home closing process by bringing lenders, Realtors, title agents, home buyers, and sellers onto a shared, secure platform for real-time collaboration and documentation. In March 2018, Qualia closed a $33 million Series B funding round led by Menlo Ventures, with participation from 8VC, Bienville Capital, and Barry Sternlicht. The capital was intended to expand engineering and product teams and accelerate growth into additional U.S. markets. At the time, Qualia processed five percent of the national real estate market. Clients and partners included Citi, Loan Depot, Catic, First American, and Stewart. Menlo Ventures partner Tyler Sosin highlighted Qualia's potential as a modern system of record with strong network effects to address pain points in the real estate closing process. The round positioned Qualia to become the default platform for real estate transactions. Subsequent rounds built on this momentum: a $55 million Series C in November 2019 led by Tiger Global, increasing total funding to $95 million, during which market share grew to over 15% and the platform handled more than one million transactions annually across 82% of U.S. counties. A $65 million Series D in December 2020 led to unicorn status with over $1 billion valuation and total funding of $160 million, accompanied by the acquisition of Adeptive Software's ResWare. |
| Sep 2015 | Series A | Formation 8; LeFrak | $7M | - | Qualia is a technology platform for real estate transactions, simplifying the closing process for residential and commercial properties with solutions for title and escrow, mortgage lending, real estate agents, and more. Founded in 2015 by Joel Gottsegen, Lucas Hansen, and Nate Baker in San Francisco, the company raised a $7 million Series A round involving Formation 8, among other investors. LeFrak participated as an investor in Qualia. The company later secured a $33 million Series B in September 2015 from 8VC, Barry Sternlicht, Bienville Capital, Clocktower Ventures, Human Capital, and Menlo Ventures, followed by additional rounds including a $55 million Series C and $65 million Series D in December 2020 led by Tiger Global Management and Menlo Partners. |
Who has invested in Qualia?
9 investors have backed Qualia across its funding rounds, including 8VC, Menlo Ventures, LeFrak, Tiger Global, Human Capital and Bienville Capital.
Lead investors include Tiger Global and Menlo Ventures.
Qualia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2018 | ||
| 3 | Participant | Mar 2018 | ||
| 3 | Participant | Sep 2015 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Lead | Nov 2019 | ||
| 1 | Participant | Sep 2015 | ||
This data is available for Pro users. Sign up to see all 9 Qualia investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Qualia
Qualia has acquired 1 company to date.
Last acquisition by Qualia was on December 21st 2020. Qualia acquired Adeptive Software for undisclosed valuation.
Latest Acquisitions by Qualia
| Description | Adeptive Software is a developer of title and escrow production platforms for the real estate settlement industry. Its software automates workflows for title searches, closings, and disbursements. Based in the United States, Adeptive serves title agencies and escrow companies with integrated document management and compliance features. |
| HQ Country | |
| HQ City | Boulder, CO |
| Deal Date | 21 Dec 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Qualia acquisitions and their M&A valuation multiples. Start Free Trial | |
Qualia Competitors
Qualia competitors include listed companies like Porch Group and Freee, and private ones like VTS, Vantaca, Juniper Square and Loft.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $1.6B | 16.0x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $510M | $79M | $1.8B | 4.1x | ||
| Private | $108M | - | $1.1B | 10.2x | ||
| Private | - | - | $2.9B | - | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x |
Qualia Public Comps
Qualia is still privately-owned, but its public comps include Freee, EverCommerce, BlackLine, 74Software, Porch Group, Altus Group, Vitec Software, Vertex, PEXA Group and Fujian Boss Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $700M | $72M | 2.6x | 2.5x | 25.6x | 8.5x | |||
| $814M | $112M | 1.9x | 1.8x | 13.7x | 9.8x | |||
| $510M | $79M | 4.0x | 4.1x | 25.7x | 18.4x | |||
| $360M | $31M | 3.5x | 3.7x | 40.5x | 14.2x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $748M | $103M | 2.8x | 2.6x | 20.5x | 10.8x | |||
This data is available for Pro users. Sign up to see all Qualia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qualia
| When was Qualia founded? | Qualia was founded in 2015. |
| Where is Qualia headquartered? | Qualia is headquartered in San Francisco, CA, United States. |
| Is Qualia publicly listed? | No, Qualia is a private, VC-backed company. |
| What is Qualia's valuation? | Qualia was last valued at $1.5B in its undisclosed-stage round in September 2026. |
| How much funding has Qualia raised? | Qualia has raised $210M across 5 funding rounds. |
| What was Qualia's last funding round? | Qualia's last funding round was a $50M undisclosed-stage round in September 2026. |
| Who are Qualia's investors? | Qualia's investors include Menlo Ventures, 8VC, LeFrak, Bienville Capital, Human Capital, Tiger Global, Formation 8, 9Yards Capital and Clocktower Technology Ventures. |
| What is Qualia's revenue? | Qualia's latest recorded revenue is $65M (September 2026). |
| What is Qualia's revenue multiple? | Qualia's latest valuation implies a 22.9x revenue multiple ($1.5B valuation on $65M of revenue). |
| Which companies are comparable to Qualia? | Companies comparable to Qualia include VTS, Vantaca, Porch Group, Juniper Square, Loft and Freee. |
| How many companies has Qualia acquired? | Qualia has acquired 1 company, including Adeptive Software. |
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