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

Snapdocs Overview

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

United StatesSan Francisco, CA

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

Snapdocs valuation by funding round
DateStageValuationRevenue Multiple
May 2021Series D$1.5B9.9x

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

Snapdocs revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2021$152M$1.5B9.9xSeries 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

Snapdocs funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series DTiger Global (lead); Wellington Management; Y Combinator; Zigg Capital; F-Prime; Maverick Ventures; Sequoia Capital; Lachy Groom; Alkeon Capital; Quiet Capital$150M$1.5BSnapdocs, 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 2020Series CY 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 2019Series BF-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 2017Series ASequoia 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 2014SeedRed 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

Investors in Snapdocs by funding rounds participated
InvestorHQRoundsRoleFirst check
Freestyle CapitalUnited StatesUnited States4ParticipantMar 2014
Sequoia CapitalUnited StatesSan Francisco, CA4LeadNov 2017
Accelerator VenturesUnited StatesMiami, FL4ParticipantMar 2014
F-PrimeUnited StatesUnited States3LeadNov 2019
Y CombinatorUnited StatesSan Francisco, CA2ParticipantMar 2014
Founders FundUnited StatesSan Francisco, CA2ParticipantNov 2019
Lachy GroomUnited StatesSan Francisco, CA2ParticipantOct 2020
Red Swan VenturesUnited StatesNew York City, NY1ParticipantMar 2014
Wellington ManagementUnited StatesBoston, MA1ParticipantMay 2021
SV AngelUnited StatesSan Francisco, CA1ParticipantMar 2014
Zigg CapitalUnited StatesNew York City, NY1ParticipantMay 2021
Nikita BierUnited StatesSan Francisco, CA1ParticipantOct 2020
PathfinderUnited StatesSan Francisco, CA1ParticipantMar 2014

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Snapdocs 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.

Public and private companies comparable to Snapdocs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
State Grid YingdaChinaChinaPublicly listed$1.8B$718M$4.2B0.6x
Porch GroupUnited StatesUnited StatesPublicly listed$510M$79M$1.8B4.1x
Built TechnologiesUnited StatesNashville, TNPrivate$83M-$1.5B18.1x
Zest AIUnited StatesLos Angeles, CAPrivate$38M-$1.5B39.5x
Shenzhen Kingdom Sci-techChinaChinaPublicly listed$361M($15M)$1.5B3.9x
eFinanceEgyptEgyptPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shenzhen Kingdom Sci-tech$361M($15M)4.0x3.9x(96.0x)141.9x
eFinance$130M$67M11.8x-22.8x-
Ellington Financial$641M-31.4x43.2x--
Walker & Dunlop$1.2B$318M2.7x2.6x10.6x12.7x
Pagaya$1.3B$33M1.1x1.0x42.6x3.2x
Yusys Technologies$540M$67M2.6x2.4x21.2x19.6x
IndiGrid Infrastructure$497M$338M7.6x8.7x11.2x9.7x
Porch Group$510M$79M4.0x4.1x25.7x18.4x

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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.

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