# BlueVine Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bluevine-capital

- Industry: Financial Services
- Headquarters: Jersey City, US
- Website: www.bluevine.com
- Total disclosed funding: $260M
- Latest round: Series F (Sep 4, 2019)
- Investors on record: 17

## About

Based in the US, BlueVine is a financial technology company specializing in innovative business banking solutions for small and medium-sized enterprises, including checking accounts, lending, and financing options.BlueVine Capital Inc., founded in 2013, is situated in Jersey City, US. The company focuses on providing financial solutions for businesses. Eyal Lifshitz, Moti Shatner, and Nir Klar are the founders, and Eyal Lifshitz currently serves as CEO. In January 2022, FundThrough Inc. acquired BlueVine from various investors, including Citi Ventures and Lightspeed Venture Partners, for undisclosed financial terms. BlueVine has successfully completed 16 deals, with its most recent funding round being Series F, which raised USD 102.50 mn, bringing the total amount raised to USD 102.50 mn and the current company valuation to USD 580.78 mn.BlueVine offers a comprehensive range of business banking solutions designed for small and medium-sized enterprises. Key products include business checking accounts, lines of credit, and lending solutions such as term loans. The business checking account features no monthly fees, high-yield interest, and tools for invoicing and payment processing, streamlining transactions for users. BlueVine's services, aimed at diverse clientele such as startups and self-employed individuals, enhance financial management by automating accounts payable and facilitating money movement.The revenue model for BlueVine is based on various financial products aimed at business clients. The company partners with lending institutions to provide lines of credit up to USD 250,000 and term loans up to USD 500,000. Additionally, BlueVine generates revenue through its business checking accounts, which offer high annual percentage yields (APY) to attract and maintain customers. The company adopts a no-fee structure for its services to expand its client base while enhancing user experience through integrated financial tools.BlueVine plans to leverage recent funding from its Series F round to accelerate its strategic focus on embedded finance and expand its market presence in the US. The acquisition by FundThrough Inc. aims to double the number of US clients relying on BlueVine to convert unpaid invoices into working capital. As part of its growth strategy, BlueVine is exploring new product offerings and enhancements to its existing services, although specific release dates for these new products have not been disclosed. The company is also poised for geographical expansion to meet increasing demand in targeted regions.

## Funding rounds

- Series F, Sep 4, 2019, $103M — Lightspeed Venture Partners, Menlo Ventures, SVB Capital, Vintage Investment Partners, ION Group, ION Asset Management, Citi Ventures, M12, 83 North, Nationwide Ventures, O.G. Venture Partners, Maor Investments, MUFG Innovation Partners
- Series E, Jul 31, 2018, $12M — M12, Nationwide Ventures
- Series E, May 3, 2018, $60M — Lightspeed Venture Partners, Menlo Ventures, SVB Capital, Silicon Valley Bank, 83 North
- Series D, Nov 29, 2016, $26M — Lightspeed Venture Partners, Menlo Ventures, Silicon Valley Bank, Citi Ventures, Rakuten Capital, 83 North
- Series C, Apr 25, 2016, $26M — Citi Ventures
- Series C, Dec 15, 2015, $25M — Lightspeed Venture Partners, Menlo Ventures, Correlation Ventures, Rakuten Capital, 83 North
- Series B, Sep 17, 2015 — 83 North
- Series B, Dec 15, 2014, $6M — Lightspeed Venture Partners, Greylock Partners, Silicon Valley Bank
- Series A, Aug 5, 2013, $2.5M — Correlation Ventures

## Investors

- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D, Series E, Series F
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B
- Silicon Valley Bank — Series B, Series D, Series E
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C, Series D, Series E, Series F
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C, Series D, Series E, Series F
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series C, Series D
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C, Series D, Series F
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series E, Series F
- M12 (https://capitalatlas.ai/funds/m12) — Series E, Series F
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series E, Series F
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series F
- ION Group — Series F
- ION Asset Management — Series F
- O.G. Venture Partners (https://capitalatlas.ai/funds/o-g-venture-partners) — Series F
- Maor Investments (https://capitalatlas.ai/funds/maor-investments) — Series F
- MUFG Innovation Partners (https://capitalatlas.ai/funds/mufg-innovation-partners) — Series F