Blend Raises $130M, Inching To A Billion $ Valuation!

: June 25, 2019

Blend, A SF Based Digital Lending Platform Has Raised $130M With A Possible Billion Dollar Valuation!

 

 

 

Blend has raised $130M in a new "Series E" round funding. This round might earn them a "unicorn" status, with a valuation nearing to a $1B. The funding is led by General Atlantic & Temasek Holdings, along with it's existing investors Lightspeed Venture Partners, Greylock Partners and Founders Fund. 8VC, a SF based VC firm also participated the event.

 

Blend secured it's last funding of a "Series D" round on Aug 24, 2017, the company gobbled a $100M at a $500M valuation in that round. The new funding brings Blend's total funding to $310M. The company has backing from prominent investors such as Lightspeed Venture Partners, Greylock Partners,  Founders Fund, 8VC, General Atlantic, Temasek Holdings, & SharesPost Investment Management among others.

 

Blend is the developer of software and data applications for mortgage lenders. The company provides tools, applications and algorithms that allow people to utilize their personal data by combining social graph technology with big data through the empirical quantification of communication events. Blend digitizes paper processes for more than 150 banks, including Wells Fargo and US Bank.

 

Blend was founded in May 1, 2012 by Erin Collard, Eugene Marinelli, Nima Ghamsari, & Rosco Hill; based out of San Francisco, they also have an office in New York. Blend has partnered with Elements Financial Credit Union, Blue Hills Bank, Mountain America Credit Union, Camden National Bank, SWBC Mortgage, ALCOVA Mortgage and many other lenders to streamline the loan process and simplify consumer finance. 

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