Temasek Participates in Series F Round in Blend Labs
Posted on 08/13/2020
San Francisco-based Blend Labs, Inc. (Blend) is a digital mortgage and loan platform. Blend raised US$ 75 million in a Series F round. The funding round was led by Washington, D.C.-based Canapi Ventures, a fintech-focused venture capital firm. The capital raise gives Blend a valuation of approximately US$ 1.7 billion. Canapi Ventures joins exisiting investors Temasek Holdings, General Atlantic, 8VC, Greylock and Emergence in the round. Temasek invested in the Series E round as well.
Blend Labs claims to have processed more than US$ 771 billion in total loan volume to date.
Canapi Ventures is advised by CenterHarbor Advisors and Canapi Advisors, LLC is a wholly owned subsidiary of Live Oak Bancshares, Inc.
