Notarize raises $8M in Series A

What does Notarize do?

Notarize, is the 1st digital, end to end leading remote notarization platform. It is a remote electronic notary service which is based on Virginia law. It is legal in all the 50 states of the nation and in the District of Columbia. users just have to upload a document, prove their identity, fill out their document, and connect with a licenced Virginia electronic notary by live video call. Users have to sign before the agent who will then legally notarize the document. When finished, the document has to be shared by email, saved to dropbox, or printed and submitted manually. The service is based on House Bill 2318 and Virginia Senate Bill 827, which were passed in 2011 and allowed for remote electronic notarization. The service is valid throughout the country due to Credit Clause and Full Faith of the U.S. Constitution as well as patchwork of laws in every state which accept out of state notarizations. like how a driver’s licence is valid throughout the country, notarization is an official document which has to be accepted across state lines.

How much Notarize was funded?

The company raised $8M in Series A on  on June 10, 2016.

Previous funding

$2.4M on February 4, 2016 from Polaris Partners, Jeana Heller and Ludlow Ventures

What is next for Notarize?

The company plans on using the latest funding raised for fuelling growth and transformation in the age old notarization process and help the company in serving new business markers, such as financial services and mortgage. The company since it has been launched in february this year, has announce an agreement with the largest and leading notary association in the country, the National Notary Association (NNA). This association will certify and assist the company’s electronic notaries and enable the company’s agents in tapping into NNA’s support and community services.

More about Notarize

Notarize was founded in May, 2015 by Pat. It has its headquarters in Boston, Massachusetts.