Blend Secures $130 Million in Series E Funding
Digital lending technology company Blend raised $130 million in a Series E funding round led by Temasek and General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company’s total funding to $310 million.
According to the company, it processes $2 billion in loans daily in partnership with 150 lender customers. The company also announced product expansions into deposit account opening, home equity, and homeowners insurance, along with additions to its executive team, including former Fannie Mae CEO Tim Mayopoulos.
Blend intends to use the funds to continue growing its team of 400 employees, invest in new technologies, grow its ecosystem of partners, and further its expansion.