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BlueVine

BlueVine

A company offering an online platform for small and medium-sized businesses to gain access to financial products.

BlueVine is a company offering an online platform for small and medium-sized businesses to gain access to financial products that is headquartered in Redwood City, California and was founded in 2013 by Eyal Lifshitz, Moti Shatner, and Nir Klar. BlueVine offers business loans between $5,000 and $5 million with interest rates as low as 4.8%.

Funding
Series F

On November 19, 2019 BlueVine announced raising $102.5 million in series F funding from ION Crossover Partners (lead investor), Vintage Investment Partners, SVB Partners, O.G. Tech Ventures, Nationwide Insurance, Menlo Ventures, Maor Investments, M12, Lightspeed Venture Partners, and ION Group. The CEO and co-founder of BlueVine, Eyal Lifshitz, made the following statement regarding the company's competitors after announcing the company's series F round by saying:

My real competitors are the 4,600 banks in the US. It’s a very long tail in the US. But if you dive into that further, historically SMBs haven’t been serviced well by them.

Competitors

Timeline

November 2019
BlueVine raises a $102,500,000 series F round from 83North, Citi Ventures, ION Asset Management, Lightspeed Venture Partners, M12 Ventures, MUFG Innovation Partners, Maor Investments, Menlo Ventures, Nationwide Ventures, O.G. Tech, Silicon Valley Bank and Vintage Investment Partners.
July 31, 2018
BlueVine raises a $12,000,000 series E round.
July 31, 2018
BlueVine raises a $12,000,000 series E round from M12 and Nationwide Insurance.
June 2018
BlueVine raises a $60,000,000 series E round from Menlo Ventures and SVB Capital.
May 1, 2018
BlueVine raises a $200,000,000 venture round from Credit Suisse.
October 17, 2017
BlueVine raises a $130,000,000 venture round from Bank Leumi USA, Silicon Valley Bank, SunTrust Bank and TriplePoint Capital.
February 28, 2017
BlueVine raises a $75,000,000 venture round from Fortress Investment Group.
December 14, 2016
BlueVine raises a $49,000,000 series D round.
December 1, 2016
BlueVine raises a $49,000,000 series D round from 83North, Citi Ventures, Lightspeed Venture Partners, Menlo Ventures, Rakuten and Silicon Valley Bank.
January 20, 2016
BlueVine raises a $40,000,000 series C round from 83North, Lightspeed Legal, Menlo Ventures and Rakuten Capital.
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Funding rounds

People

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Role
LinkedIn

Jim Marshall

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Omar Faridi
August 5, 2021
Crowdfund Insider
Fintech BlueVine has partnered with NEXT Insurance to offer clients affordable, customized insurance policies.
Alexandra Samet
June 7, 2021
Business Insider
Learn about the most innovative financial services providers with the BI list of top fintech startups and financial technology companies.
Shannen Balogh
May 30, 2021
Business Insider
While fintechs only processed 15% of PPP loans, 75% of loans tied to fraud were funded through these digital-only lenders, lawmakers said.

References

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