What is BlueVine?
BlueVine specializes in providing essential financial services, including lines of credit and invoice factoring, tailored for small businesses that depend on liquid assets for their operational growth. Operating through an intuitive online platform, BlueVine streamlines the lending application process, making capital more accessible. Founded in 2013 and headquartered in Redwood City, California, the company has established itself as a key player in empowering small businesses with the financial tools they need to thrive in competitive markets. Its focus on digital solutions addresses the evolving needs of modern commerce.
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 83North, Silicon Valley Bank, Lightspeed Venture Partners, and Correlation Ventuers
Series C (2016): $40M featuring 83NORTH, Rakuten FinTech Fund, Lightspeed Venture Partners, Correlation Ventures, Menlo Ventures, and Silicon Valley Bank
Series D (2016): $49M backed by Citi Ventures, 83North, Silicon Valley Bank, Lightspeed Venture Partners, and Menlo Ventures
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 Menlo Ventures, SVB Capital, M12, and Nationwide
Series F (2019): $102.5M backed by SVB Capital, MUFG Innovation Partners, 83North, Nationwide, OG Tech, Vintage Investment Partners, M12, ION Group, Maor Investments, ION Crossover Partners, Menlo Ventures, Lightspeed Venture Partners, and Citi Ventures
Debt (2020): $75M with participation from Atalaya
Key Investors in BlueVine
83NORTH
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a diverse portfolio with 90 companies and has achieved 33 exits and 14 unicorns since its inception. 83North focuses on supporting innovative startups across various sectors, helping them scale and succeed in the global market. Their investment philosophy emphasizes collaboration and a unique approach to fostering growth.
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
Silicon Valley Bank
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services. The company was founded in 1983 and is headquartered in Santa Clara, California.
What's next for BlueVine?
With a history of significant enterprise-level funding and strategic investments, BlueVine is well-positioned for continued expansion and innovation. The company's trajectory suggests a focus on enhancing its digital lending platform, potentially broadening its service offerings, and deepening its market penetration. Future strategic moves may involve further technological advancements to optimize underwriting processes and customer experience, solidifying its leadership in the fintech lending space. The sustained capital infusion points towards an aggressive growth strategy aimed at capturing a larger share of the small business financing market.
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