Giant stacks of home-buying paperwork, beware.
A new real estate technology startup in Seattle has raised $2.3 million to speed up the process of buying a home.
JetClosing is led by former ShareBuilder chief executive officer Dan Greenshields, and snagged its first funding in a round led by Trilogy Equity Partners of Bellevue.
JetClosing is not saying much about its plans, except that it will use technology in the real estate buying process.
“We make transactions easier to do using the cloud and mobile,” Greenshields said.
Home buyers are able to find plenty of information online when searching for a home, aided by companies such as Seattle’s Zillow and Redfin. But technology hasn’t helped the paperwork process yet, he said.
JetClosing is the third spinout from Pioneer Square Labs, a “startup studio” launched last year by prominent Seattle investors and entrepreneurs. Labs is designed to speed up the process of starting a company by creating business ideas in-house and providing young companies resources such as legal, payroll and design.
Greenshields worked with Pioneer Square Labs co-founders Greg Gottesman and Geoff Entress when he led ShareBuilder. Entress, Gottesman and fellow co-founder Mike Galgon invested in JetClosing’s first funding round.
Greenshields served as chief financial officer of online brokerage ShareBuilder for seven years, and became CEO in 2007. ING Direct bought ShareBuilder for $220 million that year, and the company became part of Capital One in 2012.
JetClosing has nine employees and is getting ready to move into its own space in Impact Hub in Pioneer Square.
