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- Bled Tech
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2020 | Seed | $1.7B | 17.7x |
| May 2017 | Seed | $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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2020 | $96M | $1.7B | 17.7x | Seed |
* 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
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Mar 2020 | Seed | $3M | $1.7B | Blend 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 2017 | Seed | $400K | $2M | - |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBled Tech Competitors
Bled Tech competitors include listed companies like Progress Software, C3.ai and Justsystems, and private ones like CircleCI, LMArena and Anaconda.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.7B | - | ||
| Private | $30M | - | $1.7B | 56.7x | ||
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Publicly listed | $331M | $156M | $1.8B | 3.2x | ||
| Private | $150M | - | $1.5B | 10.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $53M | $14M | 5.3x | 5.2x | 19.6x | 19.5x | |||
| $22M | ($2M) | 8.0x | - | (112.8x) | - | |||
This data is available for Pro users. Sign up to see all Bled Tech competitors and their valuation data. Start Free Trial | ||||||||
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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