Spruce launches new online closing tool for proptech giants

Spruce launches new online closing tool for proptech giants


Spruce
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Spruce, a digital closing company, is rolling out a white-label product aimed at ascendant real-estate tech companies.
The service allows tech-forward brokerages, iBuyers, and other proptech pioneers to run their own digital title agencies, without having to build one in-house or acquire one externally.
CEO and cofounder Patrick Burns said that the company is trying to build the tools that power real estate's tech evolution, which has moved the traditional methods of buying and selling homes increasingly online during the coronavirus pandemic.
Spruce is among the proptech companies profiting from the pandemic and resulting digital shift of real-estate transactions. In May 2020, Spruce raised a $29 million Series B.

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