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Closinglock, the Austin-headquartered fintech and fraud prevention technology provider for the real estate industry, has closed a $34 million Series B funding round led by Sageview Capital and supported by Headline and RWT Horizons.

According to the company, the funding will enable Closinglock to evolve and expand, with plans to grow its workforce and secure a new headquarters space. The company is also focusing to address the rising use of fraudulent artificial intelligence and deepfake content.

Closinglock said it has already protected more than 1 million home sales worth over $500 billion, while the company’s Good Funds Payments tool has facilitated the secure transfer of more than $600 million in payments.

“Buying a home is the largest investment most families ever make — but one fraudulent email could send your life savings right into the hands of a scam artist. We’re here to make sure that doesn’t happen,” said Andy White, CEO and co-founder of Closinglock. “This latest funding round — and the 1 million transactions already secured by Closinglock — is another vote of confidence in the work we do.”

“We are thankful Closinglock is trusted by thousands of title agents to secure their real estate transactions from the escalating threat of fraud while improving workflow efficiency,” White added. “This new funding will unlock the next chapter in our journey to power and protect all real estate transactions while ensuring the secure and seamless flow of funds in every deal.”

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