Microsoft Backs Online Lender BlueVine
The Israeli lender announces a $12 million investment from M12, Microsoft’s venture fund, bringing its latest funding round to $72 million
15:01
31.07.18
Online lender BlueVine Capital Inc. announced on Tuesday it has raised $12 million from new investors Microsoft venture fund, M12, and the venture arm of insurance company Nationwide Financial Services, Inc.
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The investment, which joins BlueVine’s recently announced Series E, brings the funding round to a total of $72 million. Menlo Ventures and SVB Capital are two of the investors who participated in the round, first announced in June.
BlueVine. Photo: Amit Sha'alצילום: עמית שעל
In a statement, BlueVine co-founder and CTO Nir Klar said the company will use the funding to develop an online platform that would make access to capital a significantly faster, simpler, and more seamless experience for business owners.
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