The Salesforce-backed lending software provider roughly doubled its valuation to $3.3bn in just five months, Coatue and Tiger Global Management co-leading its latest round.

Blend, the US-based digital lending platform developer backed by enterprise software producer Salesforce, completed a $300m series G round yesterday at a $3.3bn valuation.

Investment management firm Coatue and hedge fund manager Tiger Global Management co-led the round, which lifted the company’s total funding to at least $685m since it was founded in 2012.

Blend provides software that helps some 285 banking partners including Wells Fargo and US Bank streamline and digitise activities such as issuing mortgage and consumer loans.…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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