January 12, 2021
We are excited to share our press release from earlier today announcing our Series B. We could not be more thrilled to share this moment with you — while we take a moment to recognize this milestone, it’s time to get back to work and continue building a new generation of mortgage servicing software!
Brace, a digital mortgage-servicing platform, today announced that it raised an additional $15.7M in Series B funding led by Canvas Ventures. The investment round included participation from existing major investors, including Point72 Ventures and Crosslink Capital. The round closed in late 2020, just 10 months after Brace raised its Series A, bringing the Company’s total funding to over $30M.
Brace has seen tremendous growth in 2020, adding a number of the largest mortgage servicers to its client base. “An enormous amount of value is locked inside legacy core systems, and in this past year the COVID-19 crisis has been a catalyst for speeding up innovation in servicing,” said Eric Rachmel, CEO of Brace. The Company will use the new funding to expand its team, broaden the suite of services it offers, and bolster future product initiatives.