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Qualia Labs, Inc.

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Qualia Labs, Inc.
ISIN🆔
IndustryReal Estate
Founded 📆2015
Founder 👔Nate Baker, Joel Gottsegen, Lucas Hansen
Headquarters 🏙️San Francisco, CA
Area served 🗺️
Members
Number of employees
🌐 Websitequalia.com
📇 Address
📞 telephone

Qualia is a software company that develops products for the real estate industry, including title production software, a client communications portal, a vendor marketplace, as well as workflow, accounting, and reporting tools. Its real estate digital closing platform is designed to bring all parties involved in a real estate transaction onto one platform.

As of January 2020, more than 600,000 title and escrow agents, real estate agents, and mortgage lenders use Qualia to manage purchase and refinance transactions.[1]

Qualia is headquartered in San Francisco, California and has offices in Austin, Texas and Superior, Colorado.[2]

History[edit]

Qualia was founded in 2015 by Nate Baker, Joel Gottsegen, and Lucas Hansen.[3] The co-founders wanted to simplify the buying and selling of real estate by making transparent and easy to use software. In December 2020, Qualia announced the acquisition of Adeptive Software, the developer of title and escrow production software Resware.[4]

Financing[edit]

The company raised $7 million in Series A funding in 2015 from Formation 8 and Bienville Capital,[5] $33 million in Series B funding in 2018 led by Menlo Ventures with participation from 8VC, Bienville Capital, and Barry Sternlicht,[6] and a $55 million Series C funding in 2019 led by Tiger Global with participation from 8VC, Bienville Capital, and Menlo Ventures.[7] In 2020, it raised $65 million in Series D funding[8] led by Tiger Global and achieved unicorn status.[9]

References[edit]

  1. Lorek, Laura (January 17, 2020). "Austin is Becoming a Real Estate Technology Hub". Silicon Hills News.
  2. Gottsegen, Gordon (November 14, 2020). "SF-Based Qualia is Doubling-Down Its Austin Presence After a $55M Series C". Built In Austin.
  3. "2019 30 under 30: Enterprise Technology". Forbes. November 13, 2018.
  4. "Qualia Acquires Developer of ResWare". ALTA TitleNews Online. December 22, 2020.
  5. "Qualia". Crunchbase. Unknown parameter |url-status= ignored (help)
  6. "Real-Estate Tech Startup Qualia Closes $33 Million Series B". The Wall Street Journal. March 8, 2018.
  7. Vartabedian, Marc (November 13, 2019). "Qualia Raises $55 Million, Extending String of Real-Estate Tech Deals". The Wall Street Journal.
  8. Dalrymple II, Jim (December 22, 2020). "Qualia raises $65M, acquires software company". Inman.
  9. Rinker, Brian (December 21, 2020). "Qualia raises $65M at unicorn valuation, aims to digitize real estate industry". San Francisco Business Times.


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