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March 18, 2021

Local title and escrow startup JetClosing announced that it has secured $11 million in Series B financing. The fresh cash came from sources including PSL Ventures, Trilogy Equity Partners and funds advised by T. Rowe Price Associates. At the same time, the five-year-old digital platform named Anna Collins as president and CEO, replacing founder Dan Greenshields. PSL's Geoff Entress said in a statement, “Anna brings a deep understanding of customers, how to scale teams and deliver innovative technology products to the market, which is critical as JetClosing continues to be an industry disruptor.” (PSL is part of Pioneer Square Labs, where JetClosing originated.) Collins brings prior executive experience from Amazon, Microsoft and various startups. She added, “JetClosing is changing the way customers have experienced titleand escrow for the past 150 years. We are on a mission I believe in — to make eClosings the norm for everyone from anywhere, any time.” In the first half of last year, the firm said, its eMortgage volume hit $38.8 billion, as compared to the full-year volume in 2018 of $2.7 billion. JetClosing is now licensed in seven states, and is affiliated with over 2,000 real estate agents.