Funding round
Bluevine Series F
Bluevine, which works in business banking solutions in Jersey City, raised $103M in a Series F round announced on 19 Nov 2019, led by ION Asset Management. 13 firms took part, 8 of them already investors. It is Bluevine's sixth venture round on record; the one before was a Series E in Jul 2018.
$103M
Amount raised
Not disclosed
Post-money valuation
13
Investors
1 lead
Valuation
What this round says about the price
Bluevine did not disclose a valuation in this round. It came 16 months after Bluevine's Series E. It is 36% of the $284M Bluevine has raised in the venture rounds on record. No later venture round is on record for Bluevine.
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 31 Jul 2018 $72M
- Series F this round 19 Nov 2019, led by ION Asset Management $103M
Investors
Who put money in
ION Asset Management led the round with 12 other firms. ION Asset Management, Lightspeed Venture Partners, Menlo Ventures and 83North and 4 more had backed Bluevine before.
Lead investor
- backs 8 venture-backed companies existing investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Menlo Ventures backs 215 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
- SVB Capital existing investor
- Nationwide existing investor
- Citi Ventures existing investor
- M12 backs 141 venture-backed companies existing investor
- MUFG Innovation Partners Co., Ltd new investor
- backs 13 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- ION Group new investor
- backs 20 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OYO Hotels | 7 Oct 2019 | $1.50B | $10.00B | SoftBank and Lightspeed Venture Partners |
| Databricks Tech Companies | 22 Oct 2019 | $400M | $6.20B | Andreessen Horowitz |
| Tech Companies | 12 Aug 2019 | $100M | $370M | Francisco Partners |
| Toss Business Payment Processing & Point of Sale | 8 Aug 2019 | $64M | $2.20B | Aspex Management |
| Furniture Stores | 1 Feb 2020 | $40M | $462M | Pidilite Industries |
| FlixBus Buses, Shuttles & Local Transit | 1 Jul 2019 | $567M | $2.00B | not named |
| Impossible Foods Food Production | 15 Mar 2020 | $500M | not disclosed | Mirae Asset Global Investments |
| Insightec Medical Supply Manufacturers | 6 Mar 2020 | $150M | $1.30B | Koch Disruptive Technologies |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Bluevine raise in its Series F round?
Bluevine raised $103M in its Series F round, announced in Nov 2019.
Who led Bluevine's Series F round?
ION Asset Management led it, with Lightspeed Venture Partners, Menlo Ventures, 83North, SVB Capital and Nationwide and 7 more.
What was Bluevine's valuation at the Series F round?
It was not disclosed.