On 1st Sept, Nashville's Blueprint Holding Co. Inc. revealed its procurement of 16 million dollars in its Series B financing round.
Forté Ventures has led the series where fresh backers such as Bull city, Greenlight Re Innovations, and Avanta Ventures participated. Some previous investors have joined the round, including Mucker Capital, Mouro Capital, Liberty Mutual Strategic Ventures, etc.
On the same date, Blueprint purchased Southwest Land Title, an insurer, combining novel agency and underwriting potentialities to completely meet the industry's needs. Blueprint currently offers its partners more authority over their transactions by providing an all in one store that runs across multiple states. Southwest has licenses in Texas, North Carolina, and Arizona, with far more jurisdictions in the way. Compared to other leading providers, buyers in these places can save up to 40 per cent on title premiums.
Blueprint takes care of the fastest-growing sector in residential property as per the sources. Multi-state financiers, creditors, distributors, proptech companies, and developers are among Blueprint's partners, all of whom trade regularly and want complete visibility during each transaction's closure phase.
Blueprint's tech podium increases transparency and eliminates complexity by providing a full picture of all transactions in one secure location. This ensures that residential property transactions can be completed with more confidence, precision, speed, and, in many cases, at a lower cost via Southwest. Blueprint's clients can use the portal to digitally submit docs, examine comprehensive transaction data, obtain automatic statuses and messages for seamless cooperation. They can also get the e-sign papers instead of going over and signing piles of paper.
An EPOCH real estate member, Chad Collishaw, stated that the Blueprint case is unique. They acquire and market properties regularly, and Blueprint's mix of the simple interface, digitized procedure, professional in-house crew, and competitive price lets them simplify the usual time-taking jobs.
Hunter Hartwell of Forté Ventures LP has entered Blueprint's executive board due to this investment round.
Hartwell said that Blueprint had taken a fresh strategy to title insurers by combining insurance and agency solutions in a single place. These services will enhance the quality level of the staff as they can now combat the mixed entity's allocation, risk, and regulation difficulty. The Blueprint approach is perfectly positioned to challenge a vast but poorly understood sector. Their forward-thinking approach ensures clear, uniform settlement encounters throughout jurisdictions, allowing professional property market participants to complete transactions faster than they could with other competitors. He is thrilled to work with Blueprint as they expand its business.
Some sources claimed that Blueprint had raised $8.5 million in January the year before to expand its bookkeeping, operations, and marketing team. After that, the company has grown from 19 to 85 workers, with locations in Austin, Atlanta, and Chicago. The agency presently has licenses in 26 provinces and is active in 19 of them in any manner.
Blueprint management anticipates a 400 per cent increase in sales from last year by the conclusion of 2021. The 2017 established firm, Blueprint has acquired around $25 million so far.
CEO Steve Berneman remarked market participants have a complete control closure phase. And they believe Blueprint to finish agreements swiftly, effectively, and at competitive pricing because of their revolutionary software system and the comprehensive bundle of offerings under one tent.