Rows of houses in Las Vegas.
Jacob Kepler | Bloomberg | Getty Images
Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company.
Doma, formerly known as States Title, has a less than 1% share of the title market in the U.S. but projects to be at 5% by 2023.
The company is backed in part by Lennar, one of the nation’s biggest homebuilders.
“I founded Doma to remove friction and frustration from home-buying and to make closing on a home as simple and efficient as booking a ride or ordering a meal,” said Max Simkoff, founder and CEO of Doma.
“Right now, our patented machine…