Funding round
Bluevine Series D
Bluevine, which works in business banking solutions in Jersey City, raised $49M in a Series D round announced on 14 Dec 2016, led by Lightspeed Venture Partners. 6 firms took part, 6 of them already investors. It is Bluevine's fourth venture round on record; the one before was a Series C in Jan 2016.
$49M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Bluevine did not disclose a valuation in this round. It came 11 months after Bluevine's Series C. It is 17% of the $284M Bluevine has raised in the venture rounds on record. Bluevine raised again 19 months later: a Series E round of $72M in Jul 2018.
Bluevine's funding rounds
Bluevine has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 13 Aug 2014 $1.5M
- Series B 18 Nov 2014, led by 83North and Lightspeed Venture Partners $19M
- Series C 20 Jan 2016, led by Menlo Ventures $40M
- Series D this round 14 Dec 2016, led by Lightspeed Venture Partners $49M
- Debt not a venture round 28 Feb 2017 $75M
- Debt not a venture round 17 Oct 2017 $130M
- Debt not a venture round 30 Apr 2018 $200M
- Series E 31 Jul 2018 $72M
- Series F 19 Nov 2019, led by ION Asset Management $103M
Investors
Who put money in
Lightspeed Venture Partners led the round with 5 other firms. Lightspeed Venture Partners, Menlo Ventures, 83North and Citi Ventures and 2 more had backed Bluevine before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- Menlo Ventures backs 215 venture-backed companies existing investor
- 83North existing investor
- Citi Ventures existing investor
- Rakuten FinTech Fund existing investor
- Silicon Valley Bank existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Banks & ATMs, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Monzo Banks & ATMs | 6 Nov 2017 | $93M | not disclosed | Stripes and Goodwater Capital |
| Tech Companies | 21 Dec 2016 | $30M | not disclosed | not named |
| Pharmaceutical Products | 1 Dec 2016 | $15M | not disclosed | Health Evolution Partners |
| Tech Companies | 1 Dec 2016 | $11M | not disclosed | not named |
| Beverages & Refreshments | 12 Dec 2016 | $10M | not disclosed | BIGR Ventures |
| Payment Processing & Point of Sale | 1 Dec 2016 | $8.0M | not disclosed | not named |
| Stripe Payment Processing & Point of Sale | 25 Nov 2016 | $150M | $9.20B | CapitalG and General Catalyst |
| Alarms, Surveillance & Security Systems | 25 Jan 2017 | $109M | not disclosed | DFJ Growth and Goldman Sachs |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Bluevine raise in its Series D round?
Bluevine raised $49M in its Series D round, announced in Dec 2016.
Who led Bluevine's Series D round?
Lightspeed Venture Partners led it, with Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund and Silicon Valley Bank.
What was Bluevine's valuation at the Series D round?
It was not disclosed.
Did Bluevine raise again after this round?
Yes: a Series E round in Jul 2018 of $72M.