On January 13, 2021, Blend, a leader in digital lending solutions, announced a $300 million Series G funding round led by Coatue and Tiger Global, nearly doubling its valuation to $3.3 billion in just five months. Wilson Sonsini Goodrich & Rosati advised Blend on the fundraise.
The company intends to use capital from the fundraise to fuel its next phase of growth and support investment in the products and services that matter most to financial institutions. The news comes on the heels of a record year, as Blend's technology facilitated $1.4 trillion in mortgages and consumer loans in 2020 and the company added more than 200 new employees, increasing its headcount by over 60 percent.
The Wilson Sonsini team advising Blend included Rezwan Pavri.
Please see the company’s press release for more information.