SANTA ANA, Calif.–(BUSINESS WIRE)–First American financial company (NYSE: FAF), a leading provider of securities, settlement and risk management solutions for real estate transactions and the leader in digital transformation in its industry, today launched the branch’s official brand and website. company venture capital, Parker89. Since 2019, First American’s venture capital arm has invested more than $350 million in more than 20 high-growth proptech companies, many of which have become strategic partners and customers.
“Our venture capital investment portfolio is a significant contributor to our leadership in the digital transformation of the securities and settlements industry, positioning us at the forefront of real estate innovation,” said Paul Hurst, Director of innovation at First American and CEO of Parker89. “In addition to financial returns, our venture capital investments and relationships with start-ups and startups provide unique insights into how we can improve the experience for our customers and all parties involved in transactions. real estate today and in the future.”
The new brand, Parker89, pays homage to First American’s roots, which date back to the year 1889. Parker89 is a blend of 1889 and CE Parker, the name of the company’s founder who, decades later, would become First American Title Insurance Company. , the largest subsidiary of First American Financial Corporation.
“The new brand reflects our connection to First American, while giving identity to our role as one of the most active venture capitalists in proptech,” said Nate Levin, CEO of Parker89. “As a hyper-focused strategic proptech investor, we bring deep real estate transaction expertise and a national industry network to our investments. It is important that our portfolio companies feel they have a market advantage through to our investment and see us as long-term support partners.
Parker89’s investment strategy will continue to focus on start-up companies and entrepreneurs who are reinventing residential and commercial real estate, including technology brokers and marketplaces, agent tools, lenders, mortgage software and the condominium. Prominent investments include Offerpad, an iBuyer that went public last year, Side, a technology brokerage firm, Roofstock, a company focused on the single-family investment market, and Pacaso, the condominium business of second homes. Parker89’s investments have largely been in stage A, B and C companies, although it also backs earlier and later stage companies.
For more information about Parker89 and a list of its venture capital investments, visit www.Parker89.com.
About First American
First American financial company (NYSE: FAF) is a leading provider of securities, settlement and risk management solutions for real estate transactions. With its financial strength and stability built on more than 130 years, innovative proprietary technologies and unparalleled data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; assessment products and services; mortgage service; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $9.2 billion in 2021, the company offers its products and services directly and through its agents in the United States and abroad. In 2022, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the seventh consecutive year. More information about the company can be found at www.firstam.com.
