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Edison Ventures is pleased to announce a $5 million follow-on investment in NJ-based RedVision. Edison was joined in this $10M financing round by co-investor Updata Partners. Cumulatively, Edison Ventures has invested $12.1 million in RedVision. Proceeds will be used to expand the Companys geographic coverage of one of the industrys leading electronic real property databases.
RedVision is the leading independent provider of title and real property research solutions across the nation, serving over 1,600 customers in the real estate industry, including lenders, title underwriters, title agents, attorneys and settlement/default servicing firms completing over 1.2 million title searches in 2012.
Edisons strategic counsel and experience accelerating growth of their portfolio companies has been instrumental to our success, commented RedVisions CEO Brian Twibell. Joe Allegra, General Partner, serves on the Board of Directors.