The key moments, with employee sentiment along the way.
2016
🌱
2016
Founded as States Title
Max Simkoff's pitch: machine learning that compresses title insurance and closings from days of paperwork into an instant decision.
Crunchbase
2021
📈
2021
The peak: a ~$3B SPAC listing$3B
Rebranded Doma, it hits the public markets near a $3B valuation at the crest of the proptech wave.
Crunchbase
2022
2022
Rates rise, refis vanish
Mortgage and refinance volumes crater as rates spike, gutting order flow — and the stock sinks out of the unicorn club.
Crunchbase
2022–23
💬
From the inside · Glassdoor reviews, 2022–23
Glassdoor reviewers charted the retrenchment as headcount fell from roughly 2,200 toward a few hundred — some cuts landing weeks after staff were told none were coming — and said the automation at the heart of the pitch worked mostly for refinancings.
2023
🤝
2023
Acquired by Title Resources Group for ~$530M$530M
A fire-sale exit at roughly a sixth of the SPAC-era peak.
Crunchbase
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Doma (formerly States Title) used machine learning to streamline title insurance and closings, and was valued near $3B at its 2021 SPAC listing. Rising rates crushed mortgage and refinance volumes, the stock collapsed below $1B, and in 2023 Title Resources Group bought it in a fire-sale valued around $530M.
