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Online mortgage originator Neat Capital adds $2M to previous $20.5M round – BizWest

BOULDER Online mortgage producer Neat Capital Inc. has closed on a $22.5 million Series B round.
In a statement Tuesday, the Boulder-based company said the funds will be used to scale up its operations and add new lenders to its platform.
Neat Capital is an online-only mortgage originator, using algorithms to find competitive mortgage rates or refinancing offers for buyers. It is currently licensed to lend in California, Colorado, Connecticut, New Mexico, Texas, Washington State and the District of Columbia.
BizWest reported the company’s
initial disclosure of the round last month, which at the time totalled just more than $20.5 million. Approximately $15.22 million of that is to be sold in a second closing in the future, according to the disclosure to the U.S. Securities and Exchange Commission. ....

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ADDING and REPLACING Neat Capital Secures $22.5 Million In Series B Funding Round

Press release content from Business Wire. The AP news staff was not involved in its creation.
ADDING and REPLACING Neat Capital Secures $22.5 Million In Series B Funding Round
January 12, 2021 GMT
Add after last paragraph of release: American Family Ventures boilerplate.
The updated release reads:
Left Lane Capital joins existing investors to fuel continued growth, scale operations
Neat Capital, a Boulder-based home financing technology company, announced that it has closed on $22.5 million in new financing. Left Lane Capital led the Series B with existing investors, including American Family Ventures.
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Neat Capital pioneered a smarter home loan experience that delivers unparalleled speed, certainty, and transparency by automating the entire lending process with modern and proprietary pricing algorithms, underwriting approval, and loan production. In this way, Neat’s technology delivers certainty in approving clients 3x faster than th ....

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