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Polly Secures $25M Growth Equity to Expand AI Innovation and Scale
Slice of Finance Team
17 Sep
Key Highlights:
Polly announces $25M growth equity led by 8VC with participation from Menlo Ventures, Meritech, Khosla Ventures, and Fifth Wall.
Funding will drive AI innovation, R&D, and expansion of Polly's cloud-native capital markets platform.
Polly's lock volume increased by 150% and customer partner base more than doubled in 2023.
The company will scale internal teams by at least 25% to support growth and product evolution.
Source: Business Wire
Notable Quotes:
"Polly's success has far exceeded our expectations, and that is due in large part to their teams' vision, ambition, and strong execution."
"Everything we do is designed purposely to drive maximum value, ROI, and success for our customer partners."
Our Take:
Polly's ability to secure $25M in growth equity from notable investors reflects its pivotal role in transforming the mortgage capital markets space. The firm's cloud-native, agile platform has not only responded swiftly to industry demands but is also leveraging AI to stay ahead in product innovation. With its customer base doubling and lock volume surging over 150%, Polly is set to redefine how financial institutions approach mortgage pricing and workflow automation. Its commitment to further expanding AI capabilities and scaling its internal teams positions Polly for sustained leadership in the mortgage tech landscape.