Dotloop is a real estate transaction management software company that provides a platform to streamline and digitize real estate deals. The company aims to eliminate paperwork and inefficiencies in real estate transactions by connecting all parties and documents in a single online workspace called a loop
Founded in 2008 by Austin Allison in Cincinnati, Ohio
Allison was inspired to start dotloop after experiencing frustrations with paperwork when buying his first house at age 17 and later working as a real estate agent
The company has seen significant growth since its founding, now supporting over 10,000 real estate firms across the US and Canada
Raised initial $2.7 million from local angel investors in Cincinnati
Closed a $7 million Series A round from Trinity Ventures in May 2012
Total known funding of $7 million prior to acquisition
Valuation was $29.52 million as of May 2012
Key features of dotloop's platform include:
Interactive document editor for customization and e-signatures
Client communication tools via email, SMS, and fax
Collaboration tools for team members
Analytics and reporting capabilities
Mobile app for iOS and Android
Customizable compliance processes
Acquired by Zillow in July 2015, allowing dotloop to expand its reach and resources
After the Zillow acquisition, dotloop added over 50 employees and 1,000 new business partners within a year
Since the Zillow acquisition, dotloop has launched new features including:
Easy Offer™ - streamlines the offer process
Enhanced mobile experience
Founded on the belief that real estate transactions should be frictionless
Focuses on empowering real estate professionals to stay connected and keep deals moving from anywhere
As of 2016, dotloop had surpassed $1 trillion in cumulative listings transacted through the platform
Nearly half a million monthly active agents use dotloop
Over 7 million documents are uploaded to dotloop monthly
The platform is used by agents, brokers, transaction coordinators, and clients
dotloop
By dotloop
