Blueprint Announces Acquisition and $16 Million in Series B Funding to Take Control of Real Estate Closings
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NASHVILLE, Tenn., September 1, 2021 / PRNewswire / – Blueprint Holding Co. Inc. (“Blueprint”), owner of Blueprint Title, announced today that it has acquired a $ 16 million Forté Ventures’ Series B round has acquired an underwriter, Southwest Land Title Insurance Company (“Southwest”). Blueprint’s full-stack services and proven technology platform make it even easier for professional residential buyers and sellers to take control of the entire closing process.
Full stack services combined with technology ensure efficient business deals
Blueprint serves the fastest growing segment of residential real estate – the professional market, which grew 107 percent in Q221 versus Q221, according to a report by Redfin. Blueprint partners include multi-state investors, lenders, wholesalers, proptech startups, and construction companies who transact frequently and need complete transparency during the closing process of each transaction.
Blueprint’s technology platform provides this transparency and reduces friction by providing a comprehensive overview of all transactions in a single, secure location. This helps Southwest close residential real estate deals with greater security, accuracy, speed, and often significant cost savings. Through the platform, Blueprint’s partners can digitally upload documents, view detailed transaction information, receive automated status updates and notifications for easy collaboration, and e-signing as opposed to crawling and signing stacks of paper.
“The Blueprint experience stands out from the rest,” said Chad Collishaw, Partner at EPOC Real Estate, a real estate fund based in Austin, Texas. “We buy and sell real estate on a daily basis, and Blueprint doesn’t just operate across states. The combination of an intuitive platform, digital process, in-house team of experts, and competitive pricing help us streamline what is usually a tedious process.”
Acquisition Brings Full Stack Capacity and Lower Title Rewards in Certain Markets *
Blueprint has also acquired an underwriter, Southwest Land Title Insurance Company, which brings together innovative agency and underwriting skills to better serve the market. Now with a one-stop shop that operates in multiple states, Blueprint gives its partners greater control over their transactions. Southwest is currently licensed in Arizona, Nevada, North Carolina, Tennessee, and Texas, with more states coming soon. In Arizona, Nevada, North Carolina, and Tennessee, buyers can typically save up to 40 percent on title awards compared to other major airlines *.
$ 16 million Series B round to fuel the company’s expansion
The Series B round was led by Forté Ventures and included the participation of the new investors Avanta Ventures, Bull City Venture Partners, Greenlight Re Innovations and Gaingels as well as the previous investors Mouro Capital, Tribeca Early Stage Partners, Liberty Mutual Strategic Ventures and Mucker Capital . The company will use the funds to drive the expansion of the footprint and continue to grow the Blueprint platform. As part of Series B, the company also announced that Forté Ventures’ Hunter Hartwell has joined Blueprint’s board of directors.
“Blueprint has taken a novel approach to the title business by bringing underwriting and agency services under one roof, and it speaks for the caliber of the team that it simultaneously addresses the distribution, risk and regulatory complexities of the combined essence,” said Hartwell . “The blueprint model is uniquely positioned to revolutionize a large but not yet well understood industry. Their technology-oriented approach provides transparent, consistent closing experiences in all jurisdictions and enables professional property buyers and sellers to go through the process faster than possible with other players. We look forward to working with them as they grow and expand their business. “
Accelerated corporate dynamics
As more partners realize the value of the Blueprint platform, the company is experiencing rapid expansion. The agency is now approved in 26 states and operates in 19. ** The team has grown from 19 to 85 employees since 2020 and has new offices in. opened Chicago, Atlanta, and Austin.
The market that Blueprint serves accounts for about 40 percent of total transaction volume and is approaching $ 8 billion annually, and the company expects sales to grow by 400 percent in 2021 compared to 2020. To date, Blueprint has approx $ 25 million.
“It shouldn’t be that difficult to properly buy and sell real estate,” said Steve Bernemann, Co-Founder and CEO of Blueprint. “With our innovative technology platform and complete service under one roof, buyers and sellers have control over the entire closing process and trust Blueprint to close deals quickly, efficiently and at competitive prices.”
* Savings are based on owner’s policies and are not guaranteed. They vary depending on the state, the cost of the property, and other factors. Please contact Blueprint Title directly to learn more.
** Product offerings vary by jurisdiction and are only available when Blueprint Title is licensed and operational. If required by law, the conclusion is processed by an external lawyer. The availability of functions and services varies depending on the market and applicable law.
About Blueprint Holding Co. Inc.
Blueprint believes in a world where real estate transfers won’t be painful to complete. We have an agency and an underwriter who together help us modernize the way real estate closings work. Founded in 2017 and headquartered in Nashville, TN, Blueprints Agency, Blueprint Title, is licensed in 26 states and operational in 19.
About Forté Ventures
With offices in Atlanta and Silicon Valley, Forte Ventures is a multilevel venture capital firm that operates alongside leading corporate VCs (“CVCs”) in technology and technology companies in the United States and America. invested Canada. Forte Ventures’ unique strategy is based on the belief that the right strategic corporate investors can act as a force multiplier for the growth of startups. The team is also focused on helping entrepreneurs navigate the complexities of corporate investments and serving as trusted partners for institutional and strategic corporate syndicate partners. More information is available at www.forteventures.com.
Media contact:
Michael Celiceo, CodePR
[email protected]
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