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Blend Labs, Inc. raises $150M in Series A funding led by Haveli Investments to strengthen its financial position and balance sheet for long-term growth.

Apr 29, 2024over 1 year ago

Amount Raised

$150 Million

Round Type

series a

San FranciscoSoftwareBankingLendingFinancial Services

Investors

Haveli Investments

Description

Blend Labs, Inc. has announced a strategic partnership with Haveli Investments, including a $150 million investment. The investment will be used to repay existing credit agreement amounts and for general corporate purposes, further strengthening Blend’s financial position for long-term growth and value creation.

Company Information

Company

Blend Labs

Location

San Francisco, California, United States

About

Financial providers use Blend’s cloud-based banking platform to streamline workflows and transform banking experiences for their customers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech