| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
14 |
| Employees |
400 |
| Revenues (TTM) (Millions $) |
291 |
| Net Income (TTM) (Millions $) |
-87 |
| Cash Flow (TTM) (Millions $) |
-9 |
| Capital Exp. (TTM) (Millions $) |
6 |
Business Description
Doma Holdings Inc., formerly known as States Title Holding, Inc., is a California-based tech-enabled residential title insurance and settlement company that uses algorithms and machine-learning to streamline and digitize the real estate closing process. The company was founded in 2016 by Max Simkoff, and since its inception, it has undergone significant growth and expansion.
Doma Holdings Inc.'s core business is centered around the title insurance process, which is a critical part of the real estate transaction process. The company leverages its proprietary technology to offer a more efficient and streamlined process that enables mortgage lenders, title agents, and other stakeholders to close real estate transactions much faster than traditional methods. Doma Holdings Inc.'s technology platform reduces the complexity of the closing process, making the entire process more user-friendly for all stakeholders.
The company's proprietary platform incorporates advanced AI and machine-learning algorithms that have been trained on a vast amount of real estate data. Its technology offers real-time data analysis, streamlined document preparation, reduced FTE requirements for individual closure, and more efficient workflow management. This approach has made the company very attractive to many mortgage firms, banks, and insurance companies.
Doma Holdings Inc. is also expanding beyond title and settlement services and has started to scout out opportunities within the broader residential real estate ecosystem. The company's new platform offers services such as title re-conveyance, mobile notary services, and mortgage refinancing. It also offers solutions for real estate agents and home buyers.
The company has received backing from several prominent venture capital firms, including Foundation Capital, Greenspring Associates, and Lennar Corporation. In 2021, Doma Holdings Inc. went public through a special purpose acquisition (SPAC) merger with Capitol Investment Corp. V, raising $510.0 million.
In conclusion, Doma Holdings Inc. is a fast-growing, innovative, and tech-enabled residential title insurance and settlement company that has transformed the real estate closing process through its cutting-edge technology platform. With an expanding range of services and prominent backers, the company is well positioned to take advantage of the growing demand for a more streamlined and efficient real estate closing process.
Company Address: 101 Mission Street, Suite 1050 San Francisco 94105 CA
Company Phone Number: 419-3827 Stock Exchange / Ticker: NYSE DOMA
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1.2%