BlueVine Raises $40M

What does BlueVine do?

BlueVine, is the leading provider of working capital financing to small businesses. It is an invoice factoring company founded with the mission to help small business overcome their challenges of short term cash flow. This company bridges the cash gap which occurs due to slow paying consumers by enabling the businesses in selling their unpaid invoices. With this platform there is no need of waiting for net thirty or even sixty every again. This company provides an instant, simple and 100% online solution. Opening an count is very easy and it takes no more than a couple of minutes. Funds will be available in just one business day.

How much BlueVine was funded?

BlueVine raised $40M in Series C on January 20, 2016 from 83North, Rakuten, Lightspeed and Menlo Ventures.

Previous funding

• Undisclosed amount in Series A on August 5, 2013 from 83North
• $4M in Series A on March 26, 2014 from Kima Ventures, Kreos Capital, Correlation Ventures and Lightspeed Venture Partners
• $1.5M in undisclosed series on August 14, 2014
• $18.5M in Series B on January 21, 2015 from 83North, Silicon Valley Bank, Lightspeed Venture Partners and Correlation Ventures
• Undisclosed amount in Series B on September 17, 2015 from 83North

What is next for BlueVine?

BlueVine has raised a total of $64M in 6 rounds. The company has ushered factoring into the modern age, while brining the much necessary transparency, efficiency and speed in this industry. The company plans to use the latest funding raised for working with more small business owners for solving their cash flow challenges at a bigger scale. The funding will also be used for bolstering its management ranks, developing new features and for expanding its business into new verticals.

More about BlueVine

BlueVine was founded in July, 2013 by Eyal Lifshitz, Moti Shatner and Nir Klar. It has its headquarters in Palo Alto, California.