What is Cloudvirga?
Cloudvirga delivers an intelligent point-of-sale (POS) platform designed to automate operations for loan officers and consumers. By streamlining traditionally back-office functions, the platform aims to reduce mortgage origination costs, enhance user experience, and provide deeper business insights. This focus on efficiency and digital transformation positions Cloudvirga as a key innovator within the expansive home loan industry.
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 Dallas Capital, Tribeca Angels, and Upfront Ventures
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.
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.
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.
What's next for Cloudvirga?
The recent major strategic investment signals Cloudvirga's readiness for accelerated scaling and further product development. This capital infusion is likely to fuel expansion into new markets, enhance its technological capabilities, and strengthen its competitive position. The company's trajectory suggests a focus on solidifying its leadership in automating mortgage origination processes, potentially through further platform enhancements and strategic partnerships.
See full Cloudvirga company page
