• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

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:
51-200
INVESTORS:
Microsoft, Nationwide Mutual Capital, Menlo Ventures, 83North, Lightspeed Venture Partners, Citi Ventures, Correlation Ventures, Kima Ventures, Kreos Capital, Lightspeed, Menlo Ventures, Silicon Valley Bank, Rakuten, Rakuten FinTech Fund, Fortress Credit Corp, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp., Credit Suisse
KEY EMPLOYEES:
Eyal Lifshitz(CEO); Nir Klar(CTO)

TRACTION

VALUATION / MARKET CAP:
$612.5 MM in 2016
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.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$183.5 Millions
DATE OF LAST FUNDING:
Jul 2018
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 Millions Closed: Mar 2014
SERIES B
$18.5 Millions Closed: Jan 2015
SERIES C
$40 Millions Closed: Jan 2016
SERIES D
$49 Millions Closed: Dec 2016
SERIES E
$72 Millions Closed: Jul 2018
DEBT FUNDING:
$405 Millions
LISTED:
NO

LATEST RESEARCH