Accel-KKR, a technology-focused private equity firm, has made a strategic growth investment in PropLogix, a title support company providing tech-enabled due diligence services and software for closing professionals.
“PropLogix was founded over 10 years ago to provide a better alternative to what was then a tedious and fragmented title search process that left homebuyers with information blindspots and potential financial exposures – all in the name of buying a home,” said Jesse Biter, CEO of PropLogix. “Fast forward a decade later, PropLogix is a technology-first leader in title due diligence, and we continue to see substantial growth year-over-year as thousands of customers fall in love with the benefits of efficiencies, speed and accuracy gained from using our proprietary software and digital services. The real estate market is still in the nascent stage of digital transformation, so we are very excited about partnering with Accel-KKR and tapping their software experience and significant resources to capitalize on the industry growth.”
“We have been impressed by PropLogix’s deep domain knowledge, market vision and strong team culture,” said Greg Williams, managing director at Accel-KKR. “As a partner to PropLogix, Accel-KKR is committed to and focused on providing capital and expertise to help the entire PropLogix team accelerate growth and scale their product and development capabilities.”