Polly Raises $25 Million to Power Its Next Stage of Growth
Polly, a leader in mortgage capital markets technology, recently closed $25 million in growth equity. The round was led by 8VC, with continued support from Menlo Ventures, Meritech, Khosla Ventures, and Fifth Wall. This capital gives Polly more fuel to scale quickly and push forward on product innovation.
Real Impact Across Mortgage Tech
Founded in 2019, Polly built a cloud-native platform designed for the day-to-day realities of mortgage capital markets. Flexibility is the point: the system adapts fast as conditions change, which has helped teams move with more speed and confidence. Over the last year, lock volume grew by more than 150%, and Polly broadened its partner network, adding more nationally recognized banks, credit unions, and mortgage lenders.
Funding Focus: Product Depth and R&D
This new investment will strengthen current products and materially expand research and development. Polly plans to advance its product and pricing engine (PPE) and further develop its generative AI capabilities. Investors see the trajectory clearly. As Alex Kolicich from 8VC noted, the team at Polly has developed a next-generation pricing engine that is reshaping mortgage capital markets.
Where Polly’s Headed
Polly is building for customers first and for the long haul. CEO Adam Carmel outlined a simple throughline: every initiative should maximize value and return on investment for partner clients. With demand climbing, Polly will scale operations to meet it—strengthening its AI platform, sharpening implementation and service delivery, and growing internally so customers get timely support without tradeoffs.
Industry Presence and What’s Next
Polly will be at the 2024 MBA Annual Convention and Expo. It’s a chance to show how the platform is changing the mortgage workflow and to highlight the innovations behind that change. If you’re attending, connect with the team and see how these tools might fit your business.
Company Snapshot
Polly stands out by pairing a modern, data-driven capital markets ecosystem with purpose-built products. Core offerings include the Product and Pricing Engine, a Loan Trading Exchange, and actionable data analytics—each aimed at optimizing operations for banks, credit unions, and lenders. The company is headquartered in San Francisco, California, and continues to share updates as it builds and ships new capabilities.
Frequently Asked Questions
Why did Polly raise $25 million?
The funding is intended to accelerate growth, deepen product innovation, and scale operations so Polly can meet rising customer demand without slowing down.
How is Polly changing the mortgage industry?
Polly brings a cloud-native, highly adaptable platform to mortgage capital markets, helping teams automate and optimize key processes. Over the past year, lock volume on the platform increased by more than 150% as Polly expanded its partner network.
What are Polly’s core products?
Polly’s key products include its Product and Pricing Engine (PPE), the Loan Trading Exchange, and actionable data analytics, alongside ongoing work in generative AI capabilities.
What will Polly do after this funding?
Polly plans to expand its internal teams by at least 25% and invest heavily in new product development and customer service, while scaling implementation and service capabilities.
Where can I learn more about Polly’s innovations?
You can find more information about Polly and its latest updates on the company’s official website.
