Yes, of course. All an escrow arrangement does is insert a trusted third party into a payment transaction. This can be either in a corporate (between two companies) or a personal (between an individual and a company, or between two individuals) context.
Escrow is frequently encountered in personal transactions whereby an individual is selling a significant asset (a business, property, aircraft, yacht, or even a domain name) and the purchaser wants to ensure that certain conditions are met before the funds are released to that individual.
