What is BlueVine?
BlueVine operates an online platform designed to provide essential financial services, including lines of credit and invoice factoring, to small businesses that depend on liquid assets for their growth. Founded in 2013 and headquartered in Redwood City, California, the company has focused on streamlining access to capital for its clientele, thereby supporting early-stage business development and operational scaling. Its digital-first approach aims to simplify the often complex and time-consuming traditional lending processes.
How much funding has BlueVine raised?
BlueVine has raised a total of $766M across 11 funding rounds:
Series A
$1.5M
Series B
$18.5M
Series C
$40M
Series D
$49M
Debt
$75M
Debt
$130M
Debt
$200M
Series E
$72M
Series F
$102.5M
Debt
$75M
Series A (2014): $1.5M led by Undisclosed
Series B (2015): $18.5M supported by Lightspeed Venture Partners, Correlation Ventuers, 83North, and Silicon Valley Bank
Series C (2016): $40M featuring Silicon Valley Bank, 83NORTH, Menlo Ventures, Lightspeed Venture Partners, Rakuten FinTech Fund, and Correlation Ventures
Series D (2016): $49M backed by Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, and Silicon Valley Bank
Debt (2017): $75M with participation from Fortress Investment Group
Debt (2017): $130M led by SunTrust Bank, TriplePoint Venture Growth BDC Corp, Silicon Valley Bank, and Bank Leumi
Debt (2018): $200M supported by Credit Suisse
Series E (2018): $72M featuring SVB Capital, Nationwide, M12, and Menlo Ventures
Series F (2019): $102.5M backed by ION Crossover Partners, OG Tech, MUFG Innovation Partners, Menlo Ventures, ION Group, Nationwide, 83North, Citi Ventures, SVB Capital, Vintage Investment Partners, M12, Maor Investments, and Lightspeed Venture Partners
Debt (2020): $75M with participation from Atalaya
Key Investors in BlueVine
Nationwide
Nationwide is a Fortune 100 diversified insurance and financial services organization based in Columbus, Ohio, offering a broad spectrum of insurance, financial services, banking, and mortgage products.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure.
SVB Capital
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services, headquartered in Santa Clara, California.
What's next for BlueVine?
The substantial enterprise-level funding indicates BlueVine is poised for further expansion and innovation in the small business lending sector. This strategic backing will likely fuel enhancements to its online platform, broaden its service offerings, and potentially expand its market reach. The company's continued focus on leveraging technology to serve the underserved small business market positions it for sustained growth and competitive advantage in the fintech landscape.
See full BlueVine company page
