BlueVine

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

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About

BlueVine allows small businesses to get paid immediately on their outstanding invoices. With BlueVine, companies can free up their cash for paying expenses and growing their business.The company offers credit lines starting at $5k for a business line of credit and $20k for invoice factoring.

Focus

PRODUCTS & SERVICES

Online Funding Platform through the line of credit and advances on invoices. It offers invoice factoring credit line up to $5 million and business line of credit product up to $200,000.

REVENUE MODEL

BlueVine charges 0.5% to 1.0% of discount fee on the invoice value per week. This equals an APR of 28% – 58%.

MAIN CLIENTS

Small Businesses

COMMENT

BlueVine leverages cloud-based financing solutions for small businesses to obtain quick access to the funds they need to purchase inventory, cover expenses and expand operations.

Traction

VALUATION / MARKET CAP:

$612.5 M in 2016

TRACTION COMMENT:

BlueVine has already funded more than $200 million in working capital for SMBs and is on track to fund more than $500 million in working capital during 2017.

People

FOUNDERS

Nir Klar

Eyal Lifshitz

Moti Shatner

BOARD MEMBERS AND ADVISORS

Laurel Bowden

Eyal Lifshitz

Nir Klar

Arnon Dinur

Yoni Cheifetz

NUMBER OF EMPLOYEES

201-500

INVESTORS:

83North

Bank Leumi and TriplePoint Venture Growth BDC Corp.

Citi Ventures

Correlation Ventures

Credit Suisse

Fortress Credit Corp

Kima Ventures

Kreos Capital

Lightspeed

Lightspeed Venture Partners

M12

Menlo Ventures

Microsoft

Nationwide Mutual Capital

Rakuten

Rakuten Fintech Fund

Silicon Valley Bank

SunTrust Bank

KEY EMPLOYEES:

Eyal Lifshitz(CEO); Nir Klar(CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$227.5 M

DATE OF LAST FUNDING

Nov 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund to purchase inventory, cover expenses, or expand operations. (July 2018)

FUNDING SERIES

SERIES A  · $4 M  · Mar 2014

SERIES B  · $18.5 M  · Jan 2015

SERIES C  · $40 M  · Jan 2016

SERIES D  · $49 M  · Dec 2016

SERIES E  · $12 M  · Jul 2018

SERIES F  · $102.5 M  · Nov 2019

OTHERS  · $1.5 M · Aug 2014

DEBT FUNDING

$200 M

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

639 VISITORS | 1070 VIEWS
LATEST FUNDING ROUND

$228 M

TOTAL EMPLOYEES
201-500

About

BlueVine allows small businesses to get paid immediately on their outstanding invoices. With BlueVine, companies can free up their cash for paying expenses and growing their business.The company offers credit lines starting at $5k for a business line of credit and $20k for invoice factoring.

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