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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/13/2021 | Series G | $322.9MM | $xx.xx | $3.3B | Coatue Management, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
23,351,343
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, Tiger Global Management
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08/12/2020 | Series F | $76.56MM | $xx.xx | $1.69B | 8vc, Canapi Ventures, Emergence Capital Partners, General Atlantic, Greylock Partners, Temasek Holdings | |
Price per Share
$xx.xx
Shares Outstanding
9,906,985
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Canapi Ventures, Emergence Capital Partners, General Atlantic, Greylock Partners, Temasek Holdings
|
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06/24/2019 | Series E | $131.31MM | $xx.xx | $951.35MM | 8vc, Founders Fund, General Atlantic, Greylock Partners, Lightspeed Venture Partners, Temasek Holdings | |
Price per Share
$xx.xx
Shares Outstanding
27,624,259
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Founders Fund, General Atlantic, Greylock Partners, Lightspeed Venture Partners, Temasek Holdings
|
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03/27/2018 | Series D-1 | $17MM | $xx.xx | $503.5MM | Fifth Wall Ventures, Lennar, Lodestar Ventures, Salesforce Ventures, Sharespost, Thomvest Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,317,726
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifth Wall Ventures, Lennar, Lodestar Ventures, Salesforce Ventures, Sharespost, Thomvest Ventures
|
||||||
08/24/2017 | Series D | $118.76MM | $xx.xx | $487MM | 8vc, Emergence Capital Partners, Greylock Partners, Lightspeed Venture Partners, Nyca Partners | |
Price per Share
$xx.xx
Shares Outstanding
33,334,113
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Emergence Capital Partners, Greylock Partners, Lightspeed Venture Partners, Nyca Partners
|
||||||
01/20/2016 | Series C | $38MM | $xx.xx | $273MM | Formation 8, Founders Fund, Lightspeed Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
15,583,719
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Formation 8, Founders Fund, Lightspeed Venture Partners
|
||||||
07/14/2015 | Series B-1 | $10MM | $xx.xx | $101MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,382,809
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/02/2014 | Series B | $10.98MM | $xx.xx | $61MM | Andrew Oetting, Nima Capital, Nyca Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,180,448
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andrew Oetting, Nima Capital, Nyca Ventures
|
||||||
04/21/2014 | Series A | $6.11MM | $xx.xx | $20MM | Allen & Company, Andreessen Horowitz, Broad Beach Ventures, Conversion Capital, Formation 8, Light Speed Venture Partners, Peter Thiel | |
Price per Share
$xx.xx
Shares Outstanding
15,483,330
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allen & Company, Andreessen Horowitz, Broad Beach Ventures, Conversion Capital, Formation 8, Light Speed Venture Partners, Peter Thiel
|