DepotPoint

About DepotPoint

Established in 2005, DepotPoint carved a niche for itself as a provider of web-based software solutions tailored for the United States' default real estate market. The company was headquartered in Bellevue, Washington, and focused on assisting clients navigating the complexities of property foreclosure.

DepotPoint's core offering was the TrackPoint Platform, an integrated system designed to empower users in managing property files throughout the default process. Complementing this was ForeclosurePoint, a distinct marketing platform for distressed properties. This tool furnished real estate professionals and potential buyers with a centralized set of resources to facilitate transactions within this specialized market segment.

The company demonstrated early traction, securing an initial $800K in a Series A venture round on September 19, 2005. It continued to attract investment, raising a total of $14.4 million. A significant funding event occurred on May 8, 2007, when it raised $4 million in a Series B round led by Trident Capital, with OVP Venture Partners also participating as an investor. This history of financial backing culminated in its acquisition by Evolve Mortgage Services on December 8, 2011, marking a significant milestone and exit for the firm.