Powering More Than $1B in New Mortgages Monthly With Voice AI
Press Release ·
Vector Legal represented Sela, a developer of voice AI agents for mortgage lenders, in its Series A financing. Costanoa led the round, with participation from Emergence Capital. The financing brings Sela’s total funding across its seed and Series A rounds to $21 million.
Sela’s AI agents help loan officers originate more than $1 billion in new mortgages each month, engaging prospective borrowers, answering complex questions, and connecting them with loan officers. According to the company, six of the ten largest independent mortgage banks in the United States now use its technology. The funding will support team expansion and the development of AI agents that guide borrowers throughout the consumer finance journey.
“Super meticulous and relentless. Incredibly fast response time on emails. I’m so glad I went with them for our Series A fundraise as opposed to big-law at 2x the price.”
About Vector Legal
Vector Legal serves startups from formation through Series B and beyond. Most work is billed hourly, at about half the cost of Big Law, because the firm's software takes the first pass and attorneys spend their time on judgment. Outcome-based pricing is available where it fits, and fast-moving teams can retain the firm monthly as fractional general counsel. Vector Legal is backed by Y Combinator, Base10, Palm Drive Capital, Amino Capital, and Transpose Platform. Headquartered in San Francisco, California.
Who provides the legal services
Legal services are provided by Vector Legal, P.C., a licensed California law firm. The VectorOS platform is built by Vector Systems, PBC. Software-generated drafts and findings are reviewed by licensed attorneys and are not legal advice on their own.
Contact
Email [email protected] or start an engagement through the intake form at /contact. A Vector Legal team member follows up within one business day.