- Companies
- Snapdocs
Snapdocs Revenue, Valuation, Funding & Investors
Snapdocs is valued at $1.5B as of May 2021, a 9.9x multiple on its last reported $152M revenue.
Last Snapdocs valuation
$1.5B
Series D · May 2021
Last Snapdocs funding round
$150M
Series D · May 2021
Snapdocs revenue
$152M
Series D · May 2021
Key investors in Snapdocs
Sequoia Capital
Freestyle Capital
Accelerator Ventures
F-Prime
Y Combinator
Founders Fund
About Snapdocs
Snapdocs is a San Francisco-headquartered digital closing platform automating mortgage transactions for lenders and title companies across the United States. The solution streamlines pre-closing coordination, eClosing, and post-closing through patented AI for document handling and notary matching via extensive settlement networks. Snapdocs integrates with leading loan origination systems and title production software, serving over 400 enterprise clients to reduce cycle times and enhance borrower experiences.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$152M (May 2021)
Valuation
$1.5B (May 2021)
Snapdocs Valuation
Snapdocs is currently valued at $1.5B, based on its Series D in May 2021.
The $150M round was led by Tiger Global, with participation from Wellington Management, Y Combinator, Zigg Capital, F-Prime, Maverick Ventures and 4 other investors.
Snapdocs valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2021 | Series D | $1.5B | 9.9x |
Snapdocs Revenue
Snapdocs' latest recorded revenue is $152M, as of its Series D in May 2021. At a $1.5B valuation, that implies a 9.9x revenue multiple.
Snapdocs revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2021 | $152M | $1.5B | 9.9x | Series D |
* 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.
Snapdocs Funding History
Snapdocs has raised a total of $253M across 5 funding rounds.
Snapdocs' first fundraising round was a $3M seed round in March 2014. The most recent completed round was a $150M Series D in May 2021.
Snapdocs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series D | Tiger Global (lead); Wellington Management; Y Combinator; Zigg Capital; F-Prime; Maverick Ventures; Sequoia Capital; Lachy Groom; Alkeon Capital; Quiet Capital | $150M | $1.5B | Snapdocs, a San Francisco-based digital closing platform founded in 2013, automates and digitizes mortgage closings by connecting lenders, settlement services, and borrowers through integrations with loan origination, title production, eNote, and remote online notary solutions. The platform orchestrates workflows across fragmented ecosystems to enable scalable digital closings, reducing manual paper processes for over 130,000 daily mortgage professionals. On May 25, 2021, Snapdocs raised $150 million in a Series D round led by Tiger Global, with participation from Sequoia Capital, Y Combinator, F-Prime, Maverick Ventures, Lachy Groom, Alkeon Capital, Wellington Management, and others including Zigg Capital, bringing total funding to $260 million. The round increased the company's post-money valuation to over $1.5 billion, solidifying its unicorn status just seven months after a $60 million Series C. At the time, Snapdocs demonstrated strong traction with hundreds of thousands of closings per month, on pace for millions in 2021, touching nearly 20% of U.S. real estate transactions and over $60 billion in monthly mortgage value. Customers included major lenders achieving high digital closing adoption rates. The funding was earmarked to accelerate building digital infrastructure for the mortgage industry amid pandemic-driven demand, with plans to expand sales, engineering, customer success, and product teams in San Francisco and Denver. |
| Oct 2020 | Series C | Y Combinator Continuity Fund (lead); Nikita Bier; F-Prime; Docusign; Freestyle Capital; Sequoia Capital; Founders Fund; Lachy Groom; Accelerator Ventures | $60M | - | Snapdocs is a San Francisco-based digital closing platform for the mortgage industry, connecting lenders, settlement services, title companies, notaries, and borrowers to digitize and streamline closings. On October 12, 2020, it raised a $60 million Series C round led by Y Combinator Continuity Fund, with participation from Sequoia Capital, F-Prime Capital, Founders Fund, Lachy Groom, Maverick Ventures, DocuSign, and others, bringing total funding to $103 million at that time. At the time of the Series C, Snapdocs demonstrated strong traction amid peak U.S. home sales in August 2020, processing 170,000 closings totaling $50 million in transaction value that month, representing nearly 15% of all U.S. deals. The platform was on track for 1.5 million closings in 2020, doubling 2019 volume, used by over 70% of national settlement agents, with customers including Bell Bank, LeaderOne Financial, and Georgia United Credit Union. Most of the $103 million raised remained in the bank, indicating solid financial health. Seven months later, in May 2021 Series D, Snapdocs raised $150 million led by Tiger Global at over $1.5 billion valuation, with hundreds of thousands of monthly closings, on pace for millions in 2021, touching 20% of U.S. real estate transactions and over $60 billion in mortgage value monthly. Backed by top investors like Sequoia, YC, Tiger Global, and Founders Fund, Snapdocs aimed to build digital infrastructure for the fragmented mortgage ecosystem. |
| Nov 2019 | Series B | F-Prime (lead); Freestyle Capital; Sequoia Capital; Founders Fund; Accelerator Ventures; Peak State Ventures | $25M | - | Snapdocs is a San Francisco-based real estate technology company providing a SaaS-driven digital closing platform for the mortgage industry, connecting lenders, title and escrow companies, notaries, and borrowers to simplify closings, automate manual work, and digitize paper processes. In November 2019, Snapdocs raised $25 million in a Series B funding round led by F-Prime Capital, with participation from Sequoia Capital, Freestyle Capital, and Founders Fund, to develop its AI offerings and platform for faster, less stressful home closings. The platform had grown to process over $150 billion in real estate transactions annually and was used by over 50,000 mortgage professionals daily for wet, hybrid, or digital closings. By October 2020, Snapdocs raised a $60 million Series C led by YC Continuity, with participation from Sequoia, F-Prime, Founders Fund, Lachy Groom, Maverick Ventures, and DocuSign, reaching over $103 million total funding at the time. In May 2021, a $150 million Series D led by Tiger Global valued the company over $1.5 billion, bringing total funding to $260 million, with monthly transaction volumes in hundreds of thousands of closings touching nearly 20% of US real estate transactions or over $60 billion in mortgage value. Snapdocs, backed by investors including Y Combinator, SV Angel, Zigg Capital, Alkeon, Wellington Management, Greenpoint Partners, Peak State Ventures (implied via context), and others, aims to digitize the $2 trillion residential mortgage industry through vertical SaaS solutions for collaboration, coordination, and transparency in closings. |
| Nov 2017 | Series A | Sequoia Capital (lead); Freestyle Capital; Accelerator Ventures | $15M | - | Snapdocs raised a $15 million Series A round on November 21, 2017, led by Sequoia Capital. The company, founded in 2012 and based in San Francisco, provides a digital closing platform for the mortgage industry, connecting lenders, title companies, notaries, and borrowers to streamline closings. Investors in earlier rounds included Accelerator Ventures and Freestyle Capital, though specific details for this round are limited. Snapdocs participated in Y Combinator's Winter 2014 batch and continued raising capital in subsequent rounds, including a Series B in 2019 led by F-Prime Capital with participation from Sequoia and Founders Fund, bringing total funding to over $43 million at that point. The Series A supported growth in its AI-powered platform for real estate closings in the $2 trillion residential mortgage industry. |
| Mar 2014 | Seed | Red Swan Ventures; SV Angel; Y Combinator; Pathfinder; Freestyle Capital; Accelerator Ventures | $3M | - | - |
Who has invested in Snapdocs?
20 investors have backed Snapdocs across its funding rounds, including Sequoia Capital, Freestyle Capital, Accelerator Ventures, F-Prime, Y Combinator and Founders Fund.
Lead investors include Tiger Global, Y Combinator Continuity Fund, F-Prime and Sequoia Capital.
Snapdocs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Mar 2014 | ||
| 4 | Lead | Nov 2017 | ||
| 4 | Participant | Mar 2014 | ||
| 3 | Lead | Nov 2019 | ||
| 2 | Participant | Mar 2014 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2014 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Mar 2014 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2014 | ||
This data is available for Pro users. Sign up to see all 20 Snapdocs investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSnapdocs Competitors
Snapdocs competitors include listed companies like State Grid Yingda, Porch Group, Shenzhen Kingdom Sci-tech and eFinance, and private ones like Built Technologies and Zest AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.8B | $718M | $4.2B | 0.6x | ||
| Publicly listed | $510M | $79M | $1.8B | 4.1x | ||
| Private | $83M | - | $1.5B | 18.1x | ||
| Private | $38M | - | $1.5B | 39.5x | ||
| Publicly listed | $361M | ($15M) | $1.5B | 3.9x | ||
| Publicly listed | $130M | $67M | $1.6B | - |
Snapdocs Public Comps
Snapdocs is still privately-owned, but its public comps include Shenzhen Kingdom Sci-tech, eFinance, Ellington Financial, Walker & Dunlop, Pagaya, Yusys Technologies, IndiGrid Infrastructure, Porch Group, Donnelley Financial Solutions and Aisino.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $361M | ($15M) | 4.0x | 3.9x | (96.0x) | 141.9x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $641M | - | 31.4x | 43.2x | - | - | |||
| $1.2B | $318M | 2.7x | 2.6x | 10.6x | 12.7x | |||
| $1.3B | $33M | 1.1x | 1.0x | 42.6x | 3.2x | |||
| $540M | $67M | 2.6x | 2.4x | 21.2x | 19.6x | |||
| $497M | $338M | 7.6x | 8.7x | 11.2x | 9.7x | |||
| $510M | $79M | 4.0x | 4.1x | 25.7x | 18.4x | |||
This data is available for Pro users. Sign up to see all Snapdocs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Snapdocs
| When was Snapdocs founded? | Snapdocs was founded in 2013. |
| Where is Snapdocs headquartered? | Snapdocs is headquartered in San Francisco, CA, United States. |
| Is Snapdocs publicly listed? | No, Snapdocs is a private, VC-backed company. |
| What is Snapdocs' valuation? | Snapdocs was last valued at $1.5B in its Series D in May 2021. |
| How much funding has Snapdocs raised? | Snapdocs has raised $253M across 5 funding rounds. |
| What was Snapdocs' last funding round? | Snapdocs' last funding round was a $150M Series D in May 2021, led by Tiger Global. |
| Who are Snapdocs' investors? | Snapdocs' investors include Freestyle Capital, Sequoia Capital, Accelerator Ventures, F-Prime, Y Combinator, Founders Fund, Lachy Groom, Red Swan Ventures, Wellington Management, SV Angel and 10 others. |
| What is Snapdocs' revenue? | Snapdocs' latest recorded revenue is $152M (May 2021). |
| What is Snapdocs' revenue multiple? | Snapdocs' latest valuation implies a 9.9x revenue multiple ($1.5B valuation on $152M of revenue). |
| Which companies are comparable to Snapdocs? | Companies comparable to Snapdocs include State Grid Yingda, Porch Group, Built Technologies, Zest AI, Shenzhen Kingdom Sci-tech and eFinance. |
See companies similar to Snapdocs
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




