Real estate technology company DotLoop has released DotLoop NOW, a "light" version of its paperless transaction management platform that it’s making available at no charge to individual agents.

DotLoop said brokerages and franchisors that want to take advantage of premium services such as real-time reporting, broker-level dashboards and efficiency features can upgrade from $8-$20 per agent each month, depending on the size of the office.

DotLoop CEO Austin Allison told Inman News in April that Dotloop NOW was intended to be an option for individual agents who may be with a broker that doesn’t provide such technology.

"We believe in providing a place where deals happen for the entire real estate industry and we would like for every real estate agent to have access to that benefit regardless of whether they’re willing to pay," Allison said at the time.

Based in Cincinnati, Ohio, DotLoop claims more than 200,000 real estate agents in 700 U.S. and Canadian cities use the company’s platform to negotiate, sign and close transactions.

DotLoop also announced today that the company has raised $7 million in funding from Trinity Ventures. Noel Fenton, general partner at Trinity Ventures, will serve on DotLoop’s board of directors.

The company said it will use the financing "to accelerate sales and marketing, make strategic hires and open an office in San Francisco."

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription