Wednesday, January 20, 2016

BlueVine Raises $40M In Funding

Palo Alto-based BlueVine, which provides working capital financing to small businesses via an online platform, has raised $40M in a Series C funding. The funding was led by Menlo Ventures, and also included Rakuten FinTech Fund, Lightspeed Venture Partners, 83NORTH, Correlation Ventures and others. BlueVine said it also received a new debt facility from Silicon Valley Bank. Tyler Sosin of Menlo Ventures joins the company's board, and Oskar Miel of Rakuten joins the board as an observer as part of the funding. BlueVine has now raised $64M in total. More information »