Xconomy Seattle

DepotPoint Lands $7,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3736878-a55b-40a0-bcbe-3074c83fed2a&Preview=1
Date
7/21/2008
Company Name
DepotPoint
Mailing Address
1406 140th Place NE Bellevue, WA 98007
Company Description
DepotPoint’s vision is to be the leading provider of technologies that optimize the tracking, recording, and management of property related data. The company utilizes its centralized workflow and tracking technology to create solutions for participants in the real estate industry including lenders, title companies, trustees and real estate agents.
Website
http://www.depotpoint.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
DepotPoint will use the additional capital to support broader adoption of its solutions for the mortgage servicing market.
M&A Terms
Venture Investor
OVP Venture Partners
Venture Investor
Trident Capital