Tech Company Financing Transactions
Cloudvirga Funding Round
On 5/18/2018, Cloudvirga secured $50 million in Series C funding from Riverwood Capital and Upfront Ventures.
Transaction Overview
Company Name
Announced On
5/18/2018
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series C
Investors
Riverwood Capital (Lead Investor) (Scott Ransenberg)
Proceeds Purpose
The new funding will support Cloudvirga's mission to help lenders reduce record-high loan production costs via automation and empower borrowers with greater transparency and engagement in the mortgage transaction.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
2875 Michelle Dr. 200
Irvine, CA 92606
USA
Irvine, CA 92606
USA
Phone
Undisclosed
Website
Email Address
Overview
The story behind cloudvirga is unique. We began as an internal development initiative within one of the country's top 25 lenders. It was an experiment to see if it was possible to transform the chaos and manual processes in lending with a more robust workflow and consistent consumer experience, while truly moving the needle on driving down rising loan costs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Sogorka
Chief Information Officer
Mark Attaway
Chief Operating Officer
Kyle Kamrooz
Chief Technical Officer
Daniel Akiva
VP - General Counsel
Maria Moskver
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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