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Blend Labs was founded in 2012 by Eugene Marinelli, Nima Ghamsari, and Erin Collard. The company has not officially endorsed a plan to participate in an IPO. Blend is a SaaS company with a platform designed to facilitate a simplified process of mortgages and consumer loans.
Blend has raised approximately $390 million in Venture Capital funding from investors including Empros Capital, Canapi Ventures, General Atlantic, G Squared, Temasek Holdings, Greylock Partners, Founders Fund, Andreessen Horowitz, Lightspeed Venture Partners, Peter Thiel, and Thrive Capital. Per company press releases, Blend last raised $75 million in August 2020 at a post-money valuation of nearly $1.7 billion.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 1/13/2021 | Series G | $322.9MM raised | $XXX.XX | $XXX.XX |
| 8/12/2020 | Series F | $76.56MM raised | $XXX.XX | $XXX.XX |
| 6/24/2019 | Series E | $131.31MM raised | $XXX.XX | $XXX.XX |
| 3/27/2018 | Series D-1 | $17MM raised | $XXX.XX | $XXX.XX |
| 8/24/2017 | Series D | $118.76MM raised | $XXX.XX | $XXX.XX |
| 1/20/2016 | Series C | $38MM raised | $XXX.XX | $XXX.XX |
| 7/14/2015 | Series B-1 | $10MM raised | $XXX.XX | $XXX.XX |
| 10/2/2014 | Series B | $10.98MM raised | $XXX.XX | $XXX.XX |
| 4/21/2014 | Series A | $6.11MM raised | $XXX.XX | $XXX.XX |
