Bled Tech Revenue, Valuation, Funding & Investors

Bled Tech is valued at $1.7B as of March 2020, a 17.7x multiple on its last reported $96M revenue.

Last Bled Tech valuation

$1.7B

Seed · Mar 2020

Last Bled Tech funding round

$3M

Seed · Mar 2020

Bled Tech revenue

$96M

Seed · Mar 2020

Bled Tech Overview

About Bled Tech

Bled Tech is a UK-headquartered firm with international operations delivering IT infrastructure and digital transformation services. The company supports enterprise cloud migrations, cybersecurity implementations, and custom software deployments.


Founded

2016

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

Revenue

$96M (Mar 2020)

Valuation

$1.7B (Mar 2020)

Bled Tech Valuation

Bled Tech is currently valued at $1.7B, based on its seed round in March 2020.

Bled Tech's valuation has grown 1,000x from $2M at its seed round in May 2017 to $1.7B in March 2020, across 2 priced rounds.

Bled Tech valuation by funding round

Revenue multiple
Bled Tech valuation by funding round
DateStageValuationRevenue Multiple
Mar 2020Seed$1.7B17.7x
May 2017Seed$2M-

Bled Tech Revenue

Bled Tech's latest recorded revenue is $96M, as of its seed round in March 2020. At a $1.7B valuation, that implies a 17.7x revenue multiple.

Bled Tech revenue by funding round

Bled Tech revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2020$96M$1.7B17.7xSeed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Bled Tech Funding History

Bled Tech has raised a total of $3M across 2 funding rounds.

Bled Tech's first fundraising round was a $400K seed round in May 2017. The most recent completed round was a $3M seed round in March 2020.

Bled Tech funding rounds

Bled Tech funding rounds
DateStageRaisedValuationDeal Summary
Mar 2020Seed$3M$1.7BBlend develops a digital lending platform that streamlines the journey from loan application to close for mortgages, consumer loans, deposit accounts, and other banking products. The platform offers product templates, no-code drag-and-drop workflows, integrated data services, and customizable design elements to help financial institutions launch products quickly and respond to market changes like those driven by COVID-19. Customers include major banks such as Wells Fargo, U.S. Bank, Truist, M&T Bank, and others covering approximately 30% of U.S. mortgage volume. In August 2020, Blend raised $75 million in a Series F funding round led by Canapi Ventures, with participation from Temasek, General Atlantic, 8VC, Greylock, and Emergence, achieving a post-money valuation of nearly $1.7 billion. The funding supported acceleration of its unified digital platform and expansion into consumer banking and auto loans. By mid-2020, Blend had hired over 130 new employees and enabled its more than 250 lender customers to process over $771 billion in loan volume year-to-date, averaging $3.5 billion daily. Blend reported $96 million in revenue for 2020, up from $50.7 million in 2019, while narrowing net losses to $74.6 million. The top five customers accounted for 34% of 2020 revenue. In 2020, headcount grew 60% to about 560 employees, and new features included digital closing solutions, mobile apps for loan officers, loss mitigation workflows, and PPP loan processing.
May 2017Seed$400K$2M-

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Bled Tech Competitors

Bled Tech competitors include listed companies like Progress Software, C3.ai and Justsystems, and private ones like CircleCI, LMArena and Anaconda.

Public and private companies comparable to Bled Tech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CircleCIUnited StatesSan Francisco, CAPrivate--$1.7B-
LMArenaUnited StatesSan Francisco, CAPrivate$30M-$1.7B56.7x
Progress SoftwareUnited StatesUnited StatesPublicly listed$978M$302M$1.7B2.9x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
JustsystemsJapanJapanPublicly listed$331M$156M$1.8B3.2x
AnacondaUnited StatesAustin, TXPrivate$150M-$1.5B10.0x

Bled Tech Public Comps

Bled Tech is still privately-owned, but its public comps include Progress Software, C3.ai, Justsystems, Qt Group, Horizon Quantum, Hanwang Technology Co, Insyde Software, Shandong Cvicse, Suresofttech and Intercede Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Progress Software$978M$302M3.0x2.9x9.6x7.3x
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Justsystems$331M$156M3.1x3.2x6.7x-
Qt Group$249M$62M4.3x3.9x17.3x16.0x
Horizon Quantum$269K($5M)2287.8x-(125.2x)(33.0x)
Hanwang Technology Co$282M($14M)2.2x-(44.4x)-
Insyde Software$53M$14M5.3x5.2x19.6x19.5x
Shandong Cvicse$22M($2M)8.0x-(112.8x)-

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Common questions about Bled Tech

When was Bled Tech founded?Bled Tech was founded in 2016.
Where is Bled Tech headquartered?Bled Tech is headquartered in London, United Kingdom.
Is Bled Tech publicly listed?No, Bled Tech is a private company.
What is Bled Tech's valuation?Bled Tech was last valued at $1.7B in its seed round in March 2020.
How much funding has Bled Tech raised?Bled Tech has raised $3M across 2 funding rounds.
What was Bled Tech's last funding round?Bled Tech's last funding round was a $3M seed round in March 2020.
What is Bled Tech's revenue?Bled Tech's latest recorded revenue is $96M (March 2020).
What is Bled Tech's revenue multiple?Bled Tech's latest valuation implies a 17.7x revenue multiple ($1.7B valuation on $96M of revenue).
Which companies are comparable to Bled Tech?Companies comparable to Bled Tech include CircleCI, LMArena, Progress Software, C3.ai, Justsystems and Anaconda.

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