Miami-based Proptech Titl Secures $2.5M Seed Funding for AI and Blockchain Title Verification
Real estate does not break loudly. It leaks. One scanned PDF at a time. One county clerk system that never talked to the next. One "should be fine" hiding a real problem. Everyone accepts it because that is how title has always worked. Titl did not accept it. Titl treated property ownership like what it actually is, one of the most valuable and fragile data sets in the country.
The company began in 2021 as On Chain Listings, then sharpened both name and intent in early 2022. Same conviction, less noise. Based in Downtown Miami, Titl has stayed lean and allergic to hype, building infrastructure instead of headlines. Property records scattered across thousands of jurisdictions are not an inconvenience, they are technical debt. Titl decided to pay it down.
The founding team carries complementary damage in the best way. Tory Ricalis, CEO, comes from real estate development and construction, where title delays cost real money and stall real projects. Ori Ohayon, now Chief Economic Officer, brings institutional finance DNA from Goldman Sachs and TD Securities, with a career spent spotting where legacy systems quietly fail under modern scale. Adam J. Yormack, Chief Legal Officer, operates inside the title world as both attorney and title company executive, which means the product respects the law instead of tripping over it.
The platform is direct. AI parses and verifies fragmented land records with a 99.5% confidence rate. Blockchain infrastructure through Polymesh makes those records immutable and auditable. Title reports arrive in minutes instead of days. Monitoring does not stop at closing, it stays awake. When the FBI reports $173.6M in real estate cybercrime losses in a single year, continuous verification stops being innovative and starts being necessary.
That work just earned institutional backing. Titl closed a $2.5M seed round led by Cofounders Capital, with F.I.T. Ventures as co-lead. David Gardner of Cofounders Capital joined the board, bringing real SaaS scaling scar tissue instead of slideware. This is Titl's first institutional capital after years of founder-funded execution and proving the model in Florida, one of the most complex real estate markets in the U.S.
The roadmap is measured, not theatrical. Georgia, Maryland, and Connecticut come next, with a clear path toward roughly 20 states by the end of 2026. Not because growth decks demand it, but because title infrastructure does not modernize one courthouse at a time. Titl is not here to replace the industry. It is here to give it a spine that does not buckle under pressure.