Snapdocs was founded in 2012 by Aaron King. King says that the company plans to go public, and has been approached by "five to ten" SPAC investors, but declined to specify a timeline. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Snapdocs is a digital mortgage platform that allows real estate professionals to manage every part of a transaction and close deals online. The platform integrates with existing real estate technologies for a seamless user experience. Per a company press release, a round of Series D funding raised $150 million in new capital, bringing Snapdocs' total venture capital funding to $260 million. Investors include Tiger Global, Alkeon Capital Management, F Prime, Maverick Ventures, Sequoia Capital, Wellington Management, Y Combinator, Greenpoint Partners, and Founders Fund. The company reports a valuation of "over $1.5 billion."