Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), today announced $25M in new growth equity capital. Led by 8VC with participation from other existing investors-including Menlo Ventures, Meritech, Khosla Ventures, and Fifth Wall-this capital investment will further accelerate Polly's rapid growth and enable an even deeper investment in R&D, product innovation, and expansion. The investment comes on the heels of Polly's continued momentum and market leadership. This calendar year alone, Polly increased lock volume by well over 150% and has more than doubled its customer partner base to include many more of the country's top and most notable banks, credit unions, and mortgage lenders.

Polly, founded in 2019 by a seasoned team of mortgage and technology experts, is a fast-growing mortgage technology company transforming the mortgage capital markets industry. Polly provides a revolutionary, end-to-end capital markets ecosystem that lenders trust to optimize performance from rate lock to loan sale and delivery. Polly increases gain on sale execution, automates workflows and provides actionable data analytics for its customers.