# Blend Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blend-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.blend.com
- Total disclosed funding: $673M
- Latest round: Series G (Jan 13, 2021)
- Investors on record: 18

## About

Based in California, US, and founded in 2012 Blend Labs, Inc. operates as a provider of an online lending platform that focuses on mortgages and consumer loans. As of June 2021, the company has 577 employees and was co-founded by Erin Collard, Eugene Marinelli, Nima Ghamsari (CEO), and Rosco Hill. It is backed by Canapi Ventures, Coatue Management, and Tiger Global Management from the recent Series G funding in January 2021. In April 2024, Blend Labs, Inc. raised USD 150 million in PIPE funding from Haveli Investment Management.

Blend Labs provides a digital lending platform that allows users to avail loans at lower costs by using data-driven process automation for a faster application and approval. The company products include mortgages, home equity, deposit accounts, eClose solution, vehicle loans, and a unified platform for any consumer banking product. The company partners with different credit unions to provide more digital loan assistance to its clients and serve as intermediaries between the organization and the customer.

The company generated a revenue of USD 96.03 million in 2020 when compared to USD 50.8 million in 2019.

Blend Labs plans to use its recent funding from January 2021 to fuel its next phase of growth and invest in its products and services.

## Funding rounds

- Series G, Jan 13, 2021, $300M — Tiger Global Management, Coatue Management
- Series F, Aug 4, 2020, $77M — General Atlantic, Emergence Capital, Greylock Partners, Temasek Holdings, 8VC, Canapi Ventures
- Series E, Jun 24, 2019, $130M — Lightspeed Venture Partners, Temasek Holdings, General Atlantic, Greylock Partners, Founders Fund, 8VC
- Series D, Mar 6, 2018 — Fifth Wall Ventures, Lennar Corporation
- Series D, Jul 31, 2017, $100M — Lightspeed Venture Partners, Emergence Capital, Greylock Partners, Thomvest Ventures, Conversion Capital, Nyca, 8VC
- Series C, Dec 18, 2015, $40M — Lightspeed Venture Partners, Founders Fund, Formation8
- Series B, Jul 14, 2015, $9.2M — Lightspeed Venture Partners, Formation8, Conversion Capital
- Series B, Oct 2, 2014, $11M — Lightspeed Venture Partners, Conversion Capital
- Series A, Dec 12, 2013, $6.1M — Lightspeed Venture Partners, HVF, Conversion Capital, Insikt Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C, Series D, Series E
- HVF — Series A
- Conversion Capital (https://capitalatlas.ai/funds/conversion-capital) — Series A, Series B, Series D
- Insikt Ventures — Series A
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series B, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series C, Series E
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series D, Series F
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series D, Series E, Series F
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series D
- Nyca (https://capitalatlas.ai/funds/nyca) — Series D
- 8VC (https://capitalatlas.ai/funds/8vc) — Series D, Series E, Series F
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series D
- Lennar Corporation — Series D
- Temasek Holdings — Series E, Series F
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series E, Series F
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series F
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series G
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series G