Closing Time recently closed $2.7 million in a recent funding round led by Accel Partners. The new service, which was built by Amitree, was launched to simplify the house-buying process, according to TechCrunch.
The company helps home purchasers by creating a comprehensive list of things to do before they sign a contract and occupy a house. Closing Time will use the newly raised capital to expand its service, the report said.
Former Yahoo executives are also investors in the round. These include Yahoo founcer and former chief Jerry Yang, former SVP Vish Makhijani, former SVP and treasurer Gideon Yu, former CPO Ash Patel, and former CTO Zod Nazem. Other investors who participated in the round include Rob Chandra from Bessemer Ventures and former Facebook COO Owen Van Natta, the report detailed.
In 2010, Amitree founders Paul Knegten and Jonathan Aizen sold their display ad firm Dapper to Yahoo, the report added.
Amitree presently employs just three employers. The two founders recently appointed former Dapper cowerker Tony Novak as the firm's CTO. The company is now looking to double its workforce with the new funding. As of now, the team focuses on real estate, but eyes big opportunities to expand to new verticals, TechCrunch reported.
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