Funding round
Bluevine Series E
Bluevine, which works in business banking solutions in Jersey City, raised $72M in a Series E round announced on 31 Jul 2018. 2 firms took part. It is Bluevine's fifth venture round on record; the one before was a Series D in Dec 2016.
$72M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Bluevine did not disclose a valuation in this round. It came 19 months after Bluevine's Series D. It is 25% of the $284M Bluevine has raised in the venture rounds on record. Bluevine raised again 16 months later: a Series F round of $103M in Nov 2019.
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 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 this round 31 Jul 2018 $72M
- Series F 19 Nov 2019, led by ION Asset Management $103M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- M12 backs 141 venture-backed companies new investor
- Nationwide new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Business and HR Consulting | 23 Jul 2018 | $50M | not disclosed | Eldridge Industries |
| Digital & Marketing Agencies | 23 Jul 2018 | $50M | not disclosed | Eldridge Industries |
| Dataminr Tech Companies | 29 Jun 2018 | $392M | $1.60B | not named |
| Tech Companies | 29 Aug 2018 | $94M | not disclosed | not named |
| Medical Supply Manufacturers | 26 Jun 2018 | $59M | not disclosed | Endeavour Vision |
| Investment Consultants & Financial Advisors | 19 Jun 2018 | $50M | not disclosed | General Atlantic |
| Plastics Products | 17 Aug 2018 | $15M | $596M | not named |
| Credit Reporting Services | 15 Jun 2018 | $6.7M | $39M | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Bluevine raise in its Series E round?
Bluevine raised $72M in its Series E round, announced in Jul 2018.
Which investors took part in Bluevine's Series E round?
M12 and Nationwide.
What was Bluevine's valuation at the Series E round?
It was not disclosed.
Did Bluevine raise again after this round?
Yes: a Series F round in Nov 2019 of $103M.