Brace: Raises $15.7M in Series B Funding

Brace, a Los Angeles, CA-based digital mortgage-servicing platform, raised an additional $15.7M in Series B funding
Then the round, which brought total funding to over $30m, led by Canvas Ventures with participation from existing major investors Point72 Ventures and Crosslink Capital
The company will also use the new funding to expand its team, broaden the suite of services it offers, and bolster future product initiatives
Brace has seen tremendous growth in 2020, adding a number of the largest mortgage servicers to its client base
Brace developed a modular, digital platform for mortgage servicing that also improves the customer experience
In 2020, the company received a No-Action Letter (NAL) Template from the Consumer Financial Protection Bureau (CFPB) that its customers can utilize to obtain their own NAL

January 13, 2021