2 Firms Guide Tech Biz Blend On $300M Funding Round

Law360 (January 13, 2021, 5:43 PM EST) -- Just five months after its previous financing, digital lending platform Blend said Wednesday it raised $300 million in a funding round that nearly doubles its valuation to $3.3 billion and was led by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP and Wilson Sonsini Goodrich & Rosati PC. 

San Francisco-based Blend said in a statement with its lead investors in the Series G round, Coatue Management and Tiger Global Management, that the proceeds will be used to help it continue its growth and investments in its consumer banking software that's used by hundreds of financial institutions such as Wells Fargo and US...

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