Andy White

Founder and CEO Closinglock

Last Reviewed: September 19, 2026

Executive Summary

Andy White co-founded Closinglock in Austin in 2017 with his wife, Abigail, after the two discussed how casually the title industry handled wire instructions — emailed in plain text to buyers who had no way to verify them. That is precisely the gap business email compromise exploits, and in a property closing the amount at stake is usually a family’s entire down payment. Closinglock started by giving title companies a secure channel to deliver and verify wire instructions, then expanded into identity verification, eSigning and payment processing, so that the whole closing communication chain sits inside one verified system rather than in email. The company has raised $50 million across three rounds, has secured more than $500 billion of transaction value across over a million home sales, and reports stopping more than 8,250 fraud attempts with an estimated $1.24 billion of losses avoided. White holds a doctorate in engineering and worked as a computer engineer, including at Samsung, before founding the company.

Career Highlights

• Co-founded Closinglock in 2017 with his wife Abigail White; chief executive throughout.
• Raised $50 million in total across three rounds — a $34 million Series B led by Sageview Capital announced 30 January 2025, with Headline and RWT Horizons participating, following a $4 million round in August 2022 backed by LiveOak Venture Partners.
• Built an investor base including Sageview Capital, Headline, LiveOak Venture Partners, RWT Horizons, Edison Ventures, NextView Ventures, Uncork Capital, SJF Ventures, Adjacent, Scribble Ventures and Night Capital.
• Secured more than $500 billion of transaction value across over one million home sales.
• Processed more than $600 million in payments through the Good Funds product and generated over 400,000 identity reports during 2024.
• Reported preventing more than 8,250 fraud attempts, with an estimated $1.24 billion in losses avoided, at a 90% customer satisfaction rating.
• Grew the business by close to 25 times over the three years to early 2025.
• Shipped Early Deposit payment options, expanded identity verification, added a Docusign integration and eSigning, and expanded payments through a J.P. Morgan partnership during 2024.
• Earned a BS, MS and PhD in Computer and Electrical Engineering from Auburn University and worked as a computer engineer at Samsung and at a venture-backed startup before founding Closinglock.

Professional Journey

White’s background is engineering rather than real estate. He took a bachelor’s, master’s and doctorate at Auburn University in computer and electrical engineering, then worked as a computer engineer at several technology companies — Samsung among them, along with a startup that raised more than $100 million.

The founding of Closinglock came from a domestic conversation rather than market research. In 2017 White and his wife Abigail were discussing email spoofing, and the realisation that title agents routinely sent wire instructions by unauthenticated email turned into the product thesis. The founding problem was narrow and acute: a single spoofed message diverting a closing wire can take a buyer’s entire savings, and neither the title company nor the buyer had a reliable way to confirm the instructions were genuine.

The first product addressed that directly, and the company spent its early years selling into title companies and real estate law firms — a conservative, relationship-driven market. By August 2022 Closinglock had raised $4 million with LiveOak Venture Partners and was doubling headcount out of Austin. Over the following three years the business grew close to twenty-five-fold.

The strategic expansion was from prevention into transaction infrastructure. Rather than remaining a point solution bolted onto the closing process, Closinglock added identity verification, eSigning, and payment rails — the Good Funds product moves closing money directly, and a J.P. Morgan partnership widened the payment services available. A Docusign integration brought the platform into the document workflow title agents already used. White has framed the ambition in terms of the roughly $2 trillion of annual US home transactions, positioning the company as the verification and payment layer for that flow rather than as an anti-fraud add-on.

The $34 million Series B in January 2025, led by Sageview Capital, funded that broader platform push. By then Closinglock was reporting more than a million home sales secured, over $500 billion in protected transaction value, and 400,000-plus identity reports generated in 2024 alone.

Education

Auburn University

Doctor of Philosophy, Computer and Electrical Engineering

Master of Science, Computer and Electrical Engineering

Bachelor of Science, Computer and Electrical Engineering