The mortgage technology startup Blend announced Monday that it has raised an additional $130 million in venture capital funding, bringing the company’s total funding to $310 million. The San Francisco-based company plans to use the capital to further grow its team of nearly 400 employees and invest in new technology.

Blend (named for “better lending”) is a digital lending platform used by companies like Wells Fargo and U.S. Bank. The company aims to allow consumers to go through the loan application process more seamlessly by eliminating the hordes of paperwork that accompany the traditional loan process.

The latest funding round was led by Temasek and General Atlantic and existing investors 8VC, Founders Fund, Greylock Partners and Lightspeed Venture Partners also participated in the round.

“Together with our partners, we’ve made significant strides in transforming lending experiences for consumers and institutions across the country,” Nima Ghamsari, founder and CEO at Blend said in a statement.

Blend will also use the newly raised capital to double down on efforts to digitize the mortgage application and approval process, and invest in new technology to expand its suite of consumer-facing lending products.

Ann Mather. | Photo credit: Shutterfly

In addition to raising the venture capital funds, the company also announced Monday the addition of former Pixar CFO Ann Mather to an independent board member position. Mather also currently sits on the boards of Alphabet (Google’s parent company), Airbnb and Netflix, among others.

“As we build toward a more transparent and frictionless future where lending transactions happen in one tap, we’re grateful to have the experience of [Mather], along with the teams at Temasek and General Atlantic, in our corner for this journey,” Ghamsari added.

Blend has taken big expansion steps and added a number of industry veterans since being founded in 2012 by former software engineers at Palantir, the data analysis and intelligence company founded by controversial Silicon Valley contrarian investor Peter Thiel (whose company Founders Fund is also a backer of Blend).

In January, the company named former Fannie Mae chief executive Timothy Mayopoulos as president.

Email Patrick Kearns

How do you stay ahead in a changing market? Inman Connect Las Vegas — featuring 250+ experts from across the industry sharing insight and tactics to navigate threat and seize opportunity in tomorrow’s real estate market. Join more than 4,000 top producers, brokers and industry leaders to network and discover what’s next, July 23-26 at the Aria Resort. Hurry! Tickets are going fast, register today!

Thinking of bringing your team? There are special onsite perks and discounts when you buy tickets together. Contact us to find out more.


Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription