Boston-based Notarize bags $130M in funding to enable people to legally sign and notarize documents online
Every year, over 1.25 billion notarizations take place across nearly every sector of the American economy. The COVID-19 pandemic greatly accelerated the need for businesses and consumers to securely digitize transactions that used to happen in person. Yet many of life’s most important transactions, like buying a home, cannot be completed without trust and, importantly, identity verification.
Enter Notarize, a Boston-based tech startup, and the first platform to enable thousands of people each day to sign and notarize documents online. From adopting a child to buying a home, Notarize builds trusted products and services that support and bring trust to life’s most important moments.
Today, Notarize announced it has closed a $130 million in Series D funding to expand operations to meet the skyrocketing demand for the company’s digital notarization and identity verification technology. The round was led by fintech-focused VC firm Canapi Ventures. Alphabet’s independent growth fund CapitalG, Citi Ventures, Wells Fargo, True Bridge Partners, and existing investors Camber Creek, Ludlow Ventures, NAR’s Second Century Ventures, and others.
In conjunction with the funding, Notarize also announced that Canapi Ventures Partner Neil Underwood will join its Board of Directors. To date, Notarize has raised a total of $213 million in funding.
Founded in 2015 by Adam Pase and Pat Kinsel, Notarize’s platform integrates technology with live human interaction to establish identities. We offer digital identity proofing and authentication services, including a market-leading notary public platform to allow any person or organization to get their documents notarized online. Notarize’s electronic notary public service is offered to customers via iOS, Android, and web. Pat Kinsel founded the company as 16 Pins in May 2015.
In 2020, the world rushed to digitize. Online commerce ballooned, and businesses in almost every industry needed to transition to digital basically overnight so they could continue uninterrupted. Notarize was there to help them safely close these deals with trust and convenience,” said Pat Kinsel, founder and CEO of Notarize.
“We’re now working with market leaders across countless industries and have proven that our platform transforms how companies operate in the digital age. With the support of our investors, we look forward to helping more people and businesses bridge digital divides to keep lives moving forward in a post-pandemic world.”
Through its role in giving consumers and businesses options to complete these transactions online, Notarize has increased YoY revenue by 600% since March 2020. Amid a massive increase in transactions, Notarize has also inked new partnerships with companies including Adobe, TIAA, Dropbox, Redfin, Zillow Group, First American Financial, Transamerica, Stripe, and JD Power & Associates.