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Flueid

7500 Rialto Blvd, Building 2, Suite 210, Austin, Texas, 78735, United States

Overview

Flueid builds a VOT™ (Verification of Title) product suite that uncovers title condition and associated risks at the start of residential real estate transactions. Its offerings include an upfront TitleCheck® verification and the title underwriter‑approved Flueid Decision platform, which aim to expedite title search and examination and automate title insurance underwriting. The tools are used by title agents, underwriters, mortgage lenders, servicers, and real estate professionals to improve transparency and reduce transaction complexity and timelines. The company says its technology has gained strong momentum in the title industry and is widely accepted by top insurers. Flueid plans to scale its VOT solutions across the real estate lifecycle and use new capital to accelerate product development, business growth, and go‑to‑market initiatives. The company positions VOT as a standard verification service to foster greater integration between mortgage originators and title providers. Flueid develops the Flueid Decision platform to deliver Verification of Title (VOT) solutions that integrate title data and intelligence into workflows across the real estate life cycle. Since launching in 2020, the company has scaled the platform and added decisioning capabilities for loss mitigation, loan modification, refinance, home equity and purchase. It has integrated the platform with two point-of-sale and loan origination systems to enable mortgage lenders and credit unions to conduct title checks at loan origination. Flueid emphasizes title underwriter-approved logic, rule sets, robust data sets and industry best practices to support lenders, servicers, title agents, underwriters, fintechs and platform providers. The company plans to use the Series B1 funding to add integrations, refine its purchase solution, and introduce default and capital markets offerings to round out its VOT suite. Headquartered in Austin, Texas, Flueid positions VOT as a new category to bring title intelligence upstream and streamline transactions. Flueid’s core product, Flueid Decision, is a title-data-driven platform built on a security-first architecture that embeds data and insights into POS, LOS, TPS, servicing platforms and marketplaces. The platform is adopted by multiple Fortune 500 companies, including top lenders, brokerages, marketplaces, title agents, underwriters and servicing platforms to power workflow decisions. As of summer 2022 Flueid supported more than one million transactions; in 2021 the company reported a 400% increase in revenue and an 800% increase in monthly transaction volume. The company has expanded beyond refinance capabilities to add purchase and home equity transactions and plans to mature and scale products to support home equity and loss mitigation strategies. Flueid has achieved SOC 2 Type I and Type II certifications, was awarded its first patent and a continuation patent, and acquired next‑gen real estate software provider Vodii. Management describes the company’s mission as making the real estate process more fluid and delivering a seamless consumer experience across market cycles. Flueid Software Corporation, based in Austin, Texas, is a fast-growing insurtech that provides real estate closing automation solutions to the title insurance, real estate, and mortgage lending industries. Its products use data and automation to eliminate inefficiencies and automate backend title processing and closing functions. Flueid recently released a solution for mortgage lenders and servicers that delivers an underwriter-backed title clearance decision and turn-time estimates, accelerating loan pipeline management. The company works with major title insurance, real estate, and mortgage lending partners and emphasizes enterprise-wide automation to increase productivity and reduce redundancy. Flueid plans to use the investment to continue technology development, support current product implementations, and penetrate additional markets through sales and marketing expansion.

Total raised
$36M
Funding rounds
5
Latest round
Equity
Latest activity
Oct 2024

Industries

  • Enterprise Software
  • FinTech
  • InsurTech
  • PropTech
  • Real Estate
  • Software
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Recent funding

  1. Equity

    Oct 2024

    $8M

  2. Series B

    Aug 2023

    $10M

  3. Series B

    Oct 2022

    $15M

Team

  • Peter Bowman

    CEO and Co-Founder

    LinkedIn
  • Peter Richter

    President & Co-Founder

    LinkedIn
  • Peter Presland-Byrne

    Strategic Advisor

    LinkedIn
  • Dennis Frandsen

    EVP Chief Software Architect

    LinkedIn