About Blend
Blend is a company based in San Francisco (United States) founded in 2012 by Nima Ghamsari. It operates as a SaaS (Software-as-a-Service), and Managed Services. Blend has raised $647.5 million across 11 funding rounds from investors including BMO, Lennar and Lightspeed Venture Partners. The company has 540 employees as of December 31, 2024. Blend has completed 1 acquisition, including Title365. Blend offers products and services including Home Lending Suite and Consumer Banking Suite. Blend operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Infibeam Avenues and Mambu, among others.
- Headquarter San Francisco, United States
- Employees 540 as on 31 Dec, 2024
- Founders Nima Ghamsari
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Blend Labs, Inc.
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Annual Revenue
$162.02 M3.3as on Dec 31, 2024
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Net Profit
$-60.48 M67.36as on Dec 31, 2024
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EBITDA
$-36.26 M71.11as on Dec 31, 2024
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Total Equity Funding
$647.5 M (USD)
in 11 rounds
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Latest Funding Round
$150 M (USD), Post-IPO
Apr 29, 2024
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Investors
BMO
& 17 more
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Employee Count
540
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Blend
Blend is a publicly listed company on the NYSE with ticker symbol BLND in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Blend
Blend offers a comprehensive portfolio of products and services, including Home Lending Suite and Consumer Banking Suite. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital journeys for mortgage and home equity are provided.
Unified experiences across banking products are delivered digitally.
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Funding Insights of Blend
Blend has successfully raised a total of $647.5M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $150 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $150.0M
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First Round
First Round
(22 Jun 2012)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Post-IPO - Blend | Valuation |
investors |
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| Apr, 2022 | Amount | Post-IPO - Blend | Valuation |
investors |
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| Jan, 2021 | Amount | Series G - Blend | Valuation | Coatue , Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blend
Blend has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include BMO, Lennar and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investing in B2B software and fintech for the financial services economy.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blend
Blend has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Title365. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based title insurance and settlement services are provided.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Blend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blend Comparisons
Competitors of Blend
Blend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fiserv, Comviva, Jack Henry, Infibeam Avenues and Mambu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified financial solutions for business processing and management are provided.
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| domain | founded_year | HQ Location |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
Banking and payments solutions are provided through a dedicated platform.
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| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
API-enabled open banking platform is provided for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blend
Frequently Asked Questions about Blend
When was Blend founded?
Blend was founded in 2012.
Where is Blend located?
Blend is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Blend a funded company?
Blend is a funded company, having raised a total of $647.5M across 11 funding rounds to date. The company's 1st funding round was a Series G of $300M, raised on Jun 22, 2012.
How many employees does Blend have?
As of Dec 31, 2024, the latest employee count at Blend is 540.
What is the annual revenue of Blend?
Annual revenue of Blend is $162.02M as on Dec 31, 2024.
What does Blend do?
Blend is engaged in delivering digital lending and banking solutions for financial institutions. Services are focused on mortgage originations, home equity, and consumer banking through a unified platform. Sectors served include banks, credit unions, independent mortgage banks, and mortgage servicers. Solutions are designed to streamline processes, automate workflows, and enhance customer experiences with personalized, frictionless interactions. Integrations with trusted partners are utilized to maximize technology investments and adapt to market changes rapidly.
What products or services does Blend offer?
Blend offers Home Lending Suite and Consumer Banking Suite.
Is Blend publicly traded?
Yes, Blend is publicly traded on NYSE under the ticker symbol BLND.
How many acquisitions has Blend made?
Blend has made 1 acquisition, including Title365.
Who are Blend's investors?
Blend has 18 investors. Key investors include BMO, Lennar, Lightspeed Venture Partners, General Atlantic, and Fifth Wall.
What is Blend's ticker symbol?
The ticker symbol of Blend is BLND on NYSE.
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