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Title insurance startup Spruce raises $15.6m

New York based national title insurance and escrow company raised $15.6m in Series B funding led by Bessemer, Omidyar, and Collaborative Fund.

TRD ranked New York’s largest title insurance firms in its July issue. First American Title Insurance was at No. 1, writing policies on roughly $7.49 billion worth of sales during the 12-month period that ended on March 31, 2018. Fidelity National Title Insurance Company followed, with $4.83 billion, and Chicago Title Insurance Company took third place, with $2.7 billion.

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insurance