Notarize, an online notarization platform that mostly focuses on serving financial industries and real estate announced today that it was laying off 25% of its workforce – 110 Employees.
The layoff seems to have hit across the departments based on the stories shared by the impacted employees on LinkedIn. Notarize currently has a total of 567 employees based on its LinkedIn page. The company had just announced its launch in 12 new states in the first week of June.
The company had secured a total funding of $213 million to date based on the crunchbase profile. The company’s last round of funding came from canopy ventures in March of last year for $130 million taking the company’s total valuation to $760 million.
The Boston based on demand remote electronic notary service that allows anyone to legally notarize documents online has laid off previously in 2018 after it failed to secure a round of funding on time.
Notarize was founded by Pat Kinsel, Adam Pase in 2015.
LayoffsTracker has reached out to Notarize for an official statement – and hasn’t received any info as of this article.