What is Cloudvirga?
Cloudvirga delivers an intelligent point-of-sale (POS) platform designed to automate traditionally back-office operations within the mortgage origination process. By streamlining workflows for both loan officers and consumers, the platform aims to reduce origination costs, enhance user experience, and provide deeper business insights. The company operates within the substantial home loan market, offering a digital-first approach to a complex financial transaction.
How much funding has Cloudvirga raised?
Cloudvirga has raised a total of $74.5M across 4 funding rounds:
Series A
$7.5M
Series B
$15M
Series C
$50M
Debt
$2M
Series A (2016): $7.5M with participation from Upfront Ventures, Tribeca Angels, and Dallas Capital
Series B (2017): $15M led by Incenter
Series C (2018): $50M supported by Upfront Ventures and Riverwood Capital
Debt (2020): $2M featuring PPP
Key Investors in Cloudvirga
Upfront Ventures
Upfront Ventures is a venture capital firm located in Los Angeles that focuses on investing in technology businesses. Their investment areas include digital media, SaaS, consumer internet, and retail innovation. The firm aims to support startups and emerging companies within these sectors.
Tribeca Angels
Tribeca Angels is a network of over 50 fintech experts and well-connected investors based in Manhattan, New York City. They focus on early and seed-stage companies, offering expertise, relationships, and capital to motivated founders with disruptive ideas.
Riverwood Capital
Founded in 2007, Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation.
What's next for Cloudvirga?
The recent major strategic investment in Cloudvirga signals a phase of accelerated scaling and product development. With a history of securing substantial backing, including Series A, B, and C rounds, the company is well-positioned to leverage this new capital for technological advancements and market penetration. The focus will likely be on further enhancing its intelligent POS platform, expanding its reach within the mortgage ecosystem, and potentially exploring new verticals or service offerings to solidify its leadership in digital mortgage solutions.
See full Cloudvirga company page
