Dono emerges from stealth with $3.7 million to help verify homeownership with AI
Dono emerges from stealth with $3.7 million to help verify homeownership with AI
The Israeli startup's platform helps title professionals, investors, developers, and builders verify property titles and interact with relevant documentation.
Dono, an AI-powered homeownership verification platform, has announced it has raised $3.7 million, led by lool Ventures, with participation from Boston-based Link Ventures, at.inc/, Recursive Ventures, founders from Lemonade, Melio, and Empathy, and other angel investors.
Dono’s platform helps title professionals, investors, developers, and builders verify property titles and interact with relevant documentation. It integrates LLMs, data retrieval, and machine learning to help users interact with data packages and clarify property statuses and legal standings. The platform helps improve title examination processes and enable self-service title capabilities by speeding up preliminary checks.
Title insurance is an important piece of any American real estate transaction, safeguarding against financial loss due to defects in real property titles, the invalidity of mortgage loans, or claims that might impact transactions. The American title insurance market is valued at $35 billion annually and for protecting Americans' most valuable assets.
“The United States real estate sector has been plagued with ambiguity and lacks the modern tools and technology to support those dependent on property data,” said Tali Gross, CEO and co-founder of Dono. “The U.S. land registration system's inconsistencies and data accessibility poses a direct risk to the largest asset pool in the U.S., valued at over $70 trillion. In fact, the annual expenditure on ownership verification is close to $30 billion and is on a growth trajectory. By leveraging advanced AI, Dono not only enhances accuracy and efficiency in real estate transactions but also significantly reduces costs for all parties involved.”
The company was founded in 2023 by Gross alongside Ron Likvornik (CTO), and Eyal Stern (COO). Since the start of the year, it has secured multiple agreements with leading real estate firms such as national agencies, investment firms, production shops, and a title underwriter. It has a team of 14 across Tel Aviv and the U.S.
“Dono addresses one of the most significant challenges in the American real estate market: the question of property ownership. Dono’s product leverages advanced AI technology to provide precise answers to this critical issue in real-time, streamlining the entire real estate transaction process,” added Maya Szutan Azoulay, partner at lool ventures.
