Blend, also known as Blend Labs, is the developer of software and data applications for mortgage lenders. The company's  white-label SaaS platform is transforming the consumer lending ecosystem.

Blend 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 was founded in May 1, 2012 by Erin Collard, Eugene Marinelli, Nima Ghamsari, & Rosco Hill and is based in San Francisco, California with an additioal office in New York, New York.

Blend's technology delivers speed and efficiency to lenders, so they can serve the modern borrower and safely navigate the industry's changing rules and regulations.

Blend digitizes paper processes for more than 150 banks, including Wells Fargo and US Bank. The 7-year-old startup is best known for its mortgage applications and underwriting software, though it also offers products related to home equity, deposit account openings, and homeowners’ insurance.

 

Blend is backed by investors including General Atlantic, Temasek Holdings, Greylock, Emergence Capital, 8VC, Founders Fund, Andreessen Horowitz, & Lightspeed Venture among others. The company raised $130M in it's latest "Series E" round funding on Jun 24, 2019, giving them a valuation close to a $1B. This brings Blend's total funding to $310M to date.

 

 

  • Year founded: 2012
  • Funding Info: $310M in 6 Funding Rounds (Last Funding Type: Series- E)
  • Yearly Revenue: $50M-$100M (2018)
  • Employee Size: 201-500
  • Business Valuation: Valued at approximately $1B as of June 24, 2019
  • City/Town: San Francisco
  • State: California
  • Country: United States
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