Seven months after a $16 million Series B round, digital mortgage platform Maxwell has raised $52.5 million in additional funding, the company said on Tuesday.

The latest round was led by Fin VC, the venture capital firm that also led the Series B capital raise. Existing investors TTV Capital, Prudence, and Rotor Capital participated in the round, as well as Wells Fargo Strategic Capital.

A source told Bloomberg that the latest financing – split between $28.5 million in equity and $24 million in debt – valued the company at $450 million.

Tom Richardson, head of details ⇒

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