What is Polly?
Polly is dedicated to enhancing mortgage technology for lenders nationwide, aiming to bring greater innovation and functional depth to their operations. The company leverages a modern, data-driven capital markets ecosystem to democratize pricing across the entire mortgage value chain. By offering cloud-native, high-performance solutions, Polly empowers banks, credit unions, and lenders of all sizes to operate more efficiently and profitably, providing unlimited flexibility, configurability, and scalability. Their mission is to advance mortgage technology forward, addressing the evolving needs of the industry.
How much funding has Polly raised?
Polly has raised a total of $77M across 3 funding rounds:
Series A
$15M
Series B
$37M
Private Equity
$25M
Series A (2021): $15M with participation from Base10 Partners, Fifth Wall, Menlo Ventures, Meritech Capital Partners, Conversion Capital, and 8VC
Series B (2022): $37M led by Khosla Ventures, Movement Mortgage, Fifth Wall, 8VC, First American Financial, Menlo Ventures, and Fin Venture Capital
Private Equity (2024): $25M supported by MeriTech Power, Menlo Ventures, 8VC, and Khosla Ventures
What's next for Polly?
The recent major strategic investment signals a strong validation of Polly's business model and its potential for accelerated growth. This capital infusion is expected to fuel further development of their technology stack, expand market reach, and potentially explore new avenues within the broader fintech and capital markets landscape. The company's focus on innovation and profitability positions it for continued expansion and influence in the mortgage technology sector.
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