Miami-based title startup Expetitle completes seed fundraising

Arquitectonica’s Fort family and Caoba Capital among investors

Miami /
Jul.July 28, 2020 05:45 PM
CEO Sean Daly (iStock)

CEO Sean Daly (iStock)

UPDATED, July 28, 9:40 p.m.: Expetitle, a Miami-based title company startup led by co-founder and CEO Sean Daly, completed its $850,000 seed fundraising round, The Real Deal has learned.

Five investors, including the Fort family of Miami-based Arquitectonica; Miami-based Caoba Capital Partners, a family office and investment firm; and Beagle Ventures, a Chile-based investment firm, participated in the round, bringing the company’s total funds raised to more than $1 million.

Expetitle plans to raise its Series A round within the next eight to 12 months, with “several million dollars” committed, Daly said.

The company, founded in January 2019 out of a LAB Ventures startup studio, offers fully remote and hybrid closings through a secure platform. Expetitle has performed closings throughout Florida, and experienced 100 percent growth during the pandemic, he said.

The $850,000 will be used to increase sales and marketing efforts, launch new joint venture partnerships with brokerages and continue building out the company’s technology, Daly said. Expetitle is partnering with Castelli Real Estate and is negotiating two other partnerships with brokerages.

Daly said the market “completely changed” due to coronavirus, which forced buyers, sellers, brokers and title insurance companies to participate in remote showings, inspections and closings.

“We were well-positioned to capture market share,” he added. “In reality, what we found is our business doubled, nearly tripled, because of this [pandemic].”

Write to Katherine Kallergis at [email protected]


Related Articles

arrow_forward_ios
429 Center Island Drive and Vladimir Spector (Lifestyle Production Group, Linkedin)

Golden Beach mansion of late South Florida developer who died of Covid-19 trades for $8M

Golden Beach mansion of late South Florida developer who died of Covid-19 trades for $8M
86800 Overseas Highway, Islamorada (Google Maps, iStock)

Islamorada closes administrative building due to Covid-19

Islamorada closes administrative building due to Covid-19
From left: Tom Brady and Gisele Bündchen; Pharrell Williams; Sylvester Stallone and Jennifer Flavin; Jared Kushner and Ivanka Trump (Getty, iStock)

South Florida’s biggest real estate stories of 2020

South Florida’s biggest real estate stories of 2020
Marc Ferrentino and 6035 Southwest 92nd Street (REWS - David Hernandez for ONE Sotheby’s International Realty)

Yext exec closes on South Florida home

Yext exec closes on South Florida home
Rent-to-own startup Divvy Homes expands to South Florida

Rent-to-own startup Divvy Homes expands to South Florida

Rent-to-own startup Divvy Homes expands to South Florida
Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)

Knock expands home lending program into South Florida 

Knock expands home lending program into South Florida 
Richr Founder and CEO Glenn Orgin

Home listings startup Richr launches title and insurance services

Home listings startup Richr launches title and insurance services
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis says restaurants in Florida can operate at up to 100% capacity

DeSantis says restaurants in Florida can operate at up to 100% capacity
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...