Bluevine Acquisition, Valuation, Funding & Investors

Bluevine was acquired by Valley National Bank for $340M in September 2026.

Bluevine acquisition price

$340M

Acquired by Valley National Bank · Sep 2026

Cumulative funding Bluevine raised

$289M

across 9 funding rounds

Key investors in Bluevine

  • Lightspeed Venture Partners
  • 83North
  • Menlo Ventures
  • Silicon Valley Bank
  • Correlation Ventures
  • M12
  • Citi Ventures
  • Rakuten

Bluevine Overview

About Bluevine

Bluevine is a fintech provider of business banking and lending services for small and medium-sized enterprises across the United States. The Redwood City, California-headquartered company offers checking accounts, lines of credit, term loans, and invoice factoring, processing over $13 billion in financing since 2013. Bluevine partners with banks like JPMorgan Chase for FDIC-insured deposits and serves more than 400,000 customers in all 50 states. Launched in New York, it expanded nationally with venture backing from Lightspeed and Menlo Ventures.


Founded

2013

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$340M (acquired Sep 2026)

Bluevine Acquisition

Bluevine was acquired by Valley National Bank for $340M on 28 September 2026.

Before the acquisition Bluevine had raised $289M across 9 funding rounds.

On September 28, 2026, Valley National Bancorp announced a definitive agreement to acquire Bluevine Inc., a nationwide digital banking platform for small businesses. The transaction values Bluevine at approximately $340 million and is structured as approximately 75% cash and 25% Valley common stock, including about $255 million in cash and approximately 6.3 million Valley shares. The agreement was signed on September 27, 2026, and is expected to close in early 2027 subject to regulatory approvals and customary closing conditions. Bluevine and Valley will operate separately until closing. The acquisition is intended to strengthen Valley’s small-business banking franchise, expand its nationwide digital deposit channel and funding base, and accelerate its technology, fintech and artificial-intelligence capabilities. Bluevine’s deposit program with its third-party banking partner is expected to end at closing, with related deposits transitioning to Valley Bank within 180 days. Including expected synergies, Valley expects the transaction to be approximately 8% accretive to estimated 2028 earnings per share, with about 5% tangible-book-value dilution at closing and an estimated three-year earn-back period. Bluevine co-founder and Chief Executive Officer Eyal Lifshitz is expected to join Valley as head of Small Business Banking after closing. Bluevine Inc. provides digital banking solutions to small businesses and serves approximately 175,000 small-business customers. Its platform and approximately 180 engineers and other technology professionals are expected to join Valley. The transaction will combine Bluevine’s digital small-business banking operations with Valley National Bank’s banking capabilities.

Bluevine acquisition details
AcquirerDateTypePrice
28 Sep 2026Strategic M&A$340M

Sources: bluevine.com, bankingdive.com, bluevine.com

Bluevine Funding History

Bluevine has raised a total of $289M across 9 funding rounds.

Bluevine's first fundraising round was a $4M Series A in March 2014. The most recent completed round was a $2M seed round in January 2020.

Bluevine funding rounds

Bluevine funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2020SeedAxess Ventures$2M-
Nov 2019Series FION Crossover Partners (lead); O.G. Venture Partners (lead); SVB Capital; Menlo Ventures; MUFG Innovation Partners; Vintage Investment Partners; Nationwide Ventures; Maor Investments; Lightspeed Venture Partners; M12; Citi Ventures; 83North$103MBlueVine, a Silicon Valley-based fintech providing financing and banking services to small and medium-sized businesses (SMBs), raised $102.5 million in a Series F equity round on November 19, 2019, led by ION Crossover Partners with participation from O.G. Tech (Eyal Ofer’s VC), Lightspeed Venture Partners, Menlo Ventures, 83North, SVB Capital, Nationwide, Citi Ventures, Microsoft’s M12, MUFG Innovation Partners, Vintage Investment Partners, ION Group, Maor Investments, and other private investors. This brought total equity funding to between $240 million and $250 million, plus around $500 million in debt financing to support its loans platform. The company, founded in 2013, offers products like invoice factoring (credit lines up to $5 million), term loans, lines of credit, and a newly launched business checking account with features such as 1% interest on balances, zero monthly fees, and integration with its financing suite via an intuitive dashboard and BlueVine Business Debit Mastercard. BlueVine aimed to use the proceeds to scale its end-to-end business banking platform, enhance the October 2019-launched checking account, and hire across engineering, product, and revenue teams. At the time, it had originated $2.5 billion in loans to 20,000 small businesses. CEO Eyal Lifshitz noted the company was not yet profitable but had achieved 100% growth year-over-year, expected triple-digit revenue growth in 2019, and confirmed the valuation had increased from the prior Series E round. Positioned to address gaps in SMB banking where most still use consumer accounts and traditional banks under-serve them, BlueVine competes against the 4,600 U.S. banks by offering a comprehensive platform. Investors like ION Crossover Partners highlighted BlueVine’s track record, management team, and potential to transform small business financial management amid strong demand for its services.
Jul 2018Series ENationwide Mutual Insurance (lead); M12$12MBluevine is a provider of online working capital financing solutions for small and medium-sized businesses, offering products such as invoice factoring and lines of credit. The company raised an additional $12 million from M12, Microsoft's venture fund, and Nationwide Ventures in July 2018, bringing its Series E round total to $72 million after an initial $60 million tranche led by Menlo Ventures and SVB Capital in June 2018. Nationwide's investment aligns with its strategy to support small business owners as the top total small business insurer in the U.S. At the time, Bluevine had achieved over $1 billion in total funding volume to SMBs since inception in 2013, marking its fifth anniversary. The company operated from locations including Redwood City, New Jersey, New Orleans, and Israel, with more than 200 employees. Prior rounds included a $49 million Series D in 2016 from Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund, and Silicon Valley Bank, and a $40 million Series C also led by Menlo Ventures.
Jun 2018Series EMenlo Ventures (lead); Lightspeed Venture Partners; Silicon Valley Bank; 83North$60M-
Dec 2016Series DLightspeed Venture Partners (lead); Menlo Ventures; Rakuten; Silicon Valley Bank; Citi Ventures; 83North$49MBluevine is a fintech startup providing cloud-based financing solutions, including business lines of credit and invoice factoring, to small and medium-sized businesses (SMBs) to address cash flow needs, inventory purchases, expenses, and expansion. Launched in March 2014, it offers credit lines starting at $5,000 for lines of credit and $20,000 for invoice factoring, recently increasing maximums to $250,000, targeting a market underserved by traditional banks for sub-$250,000 loans. The company uses machine learning for risk assessment and claims strong unit economics profitability. In early 2016, Bluevine closed a $40 million Series C round led by Menlo Ventures, with participation from Rakuten FinTech Fund, Lightspeed Venture Partners, 83North, Correlation Ventures, private investors, and a debt facility from Silicon Valley Bank, bringing total funding to $64 million. Later in 2016, Bluevine raised $49 million in a Series D round led by Lightspeed Venture Partners, with Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund, and Silicon Valley Bank. Traction included a 12x increase in funded invoices in 2015, over $200 million in working capital funded by early 2016, on track for more than $500 million in 2017. Funds supported team expansion, product development, new features, and market growth, including partnerships like QuickBooks Financing. Competitive context positions Bluevine as disrupting traditional invoice factoring with automation and modern web experiences for 20+ million U.S. SMBs. Investors highlighted innovation in everyday financing and scalability to serve more businesses nationwide.
Jan 2016Series CMenlo Ventures (lead); Rakuten; Lightspeed Venture Partners; 83North$40MBluevine is a fintech startup providing online working capital financing to small businesses through invoice factoring, launched in March 2014. It offers quick access to funds by advancing 85-90% of invoice values upfront, minus a fee upon customer payment, targeting SMBs underserved by banks with credit lines under $250,000. The company uses machine learning for risk assessment and underwriting. On January 20, 2016, Bluevine closed a $40 million Series C funding round led by Menlo Ventures, with participation from new investor Rakuten FinTech Fund, follow-on investments from Lightspeed Venture Partners, 83NORTH, Correlation Ventures, and private investors, plus a debt facility from Silicon Valley Bank. This brought total funding to $64 million. Menlo Ventures highlighted Bluevine's disruptive approach to the massive factoring market, noting 10x monthly origination volume growth year-over-year and 65% repeat volume. Bluevine reported a 12x increase in funded invoices in 2015 and was on track to fund over $200 million in working capital the following year, demonstrating strong traction since inception by helping thousands of small businesses manage cash flow for inventory, expenses, or expansion. The proceeds were earmarked for bolstering management, developing new features, and expanding into new verticals. Investors praised Bluevine's automation, modern web experience, flexibility with 30-90 day payback periods avoiding debt spirals, and high customer satisfaction leading to repeat usage. Menlo Ventures views it as a durable, scalable business in SME lending, adding it to their fintech portfolio alongside RealtyShares, Betterment, Check, and Digital Insight.
Jan 2015Series BLightspeed Venture Partners (lead); Silicon Valley Bank; Correlation Ventures; 83North$19MBluevine is a fintech company providing online working capital financing, primarily invoice factoring, to small and medium-sized businesses (SMBs) in the US. Launched in beta in March 2014, it offers cloud-based services enabling quick access to funds for inventory, expenses, or operations. The specified funding round occurred around January 2015, when Bluevine raised $18.5 million led by Lightspeed Venture Partners and 83North, with participation from Silicon Valley Bank, Correlation Ventures, and private investors. This was the company's first major equity round post-beta, aimed at bolstering traction by expanding into new verticals, adding software integrations, and doubling its employee base in 2015. By then, Bluevine had processed thousands of invoices, providing several million dollars in working capital to SMBs. Later rounds provide context: a January 2016 Series C raised $40 million led by Menlo Ventures (total funding $64 million), with the same follow-on investors plus Rakuten FinTech Fund and SVB debt; Bluevine reported 12x growth in funded invoices in 2015 and plans to fund over $200 million in working capital the next year. Subsequent developments include a 2017 Series D ($49 million), 2018 Series E ($60 million), and 2019 Series F ($102.5 million), scaling funded volume to over $2.5 billion by 2019. Bluevine evolved into small business banking with lines of credit and term loans, backed by prominent VCs like Lightspeed, Menlo, and 83North.
Aug 2014Seed-$2M-
Mar 2014Series AKreos Capital; Lightspeed Venture Partners; Correlation Ventures; Kima Ventures$4M-

Who has invested in Bluevine?

19 investors have backed Bluevine across its funding rounds, including Lightspeed Venture Partners, 83North, Menlo Ventures, Silicon Valley Bank, Correlation Ventures and M12.

Lead investors include ION Crossover Partners, O.G. Venture Partners, Nationwide Mutual Insurance, Menlo Ventures and Lightspeed Venture Partners.


Bluevine Investors

Investors in Bluevine by funding rounds participated
InvestorHQRoundsRoleFirst check
Lightspeed Venture PartnersUnited StatesSan Francisco, CA6LeadMar 2014
83NorthUnited KingdomLondon5ParticipantJan 2015
Menlo VenturesUnited StatesMenlo Park, CA4LeadJan 2016
Silicon Valley BankUnited StatesSan Jose, CA3ParticipantJan 2015
RakutenJapanTokyo2ParticipantJan 2016
M12United StatesUnited States2ParticipantJul 2018
Citi VenturesUnited StatesSan Francisco, CA2ParticipantDec 2016
Correlation VenturesUnited StatesSan Diego, CA2ParticipantMar 2014
ION Crossover PartnersIsraelHerzliya1LeadNov 2019
SVB CapitalUnited StatesSan Francisco, CA1ParticipantNov 2019
MUFG Innovation PartnersJapanTokyo1ParticipantNov 2019
Kreos CapitalUnited KingdomLondon1ParticipantMar 2014
Vintage Investment PartnersIsraelHerzliya1ParticipantNov 2019

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Investments by Bluevine

Bluevine has invested in 1 company to date.

Latest investment by Bluevine was on January 30th 2022. Bluevine invested in Bizi in their $8M Seed round.


Latest Investments by Bluevine

Bizi
Description
Tel Aviv-based Bizi extends lines of credit to businesses with instant availability and customization options for growth financing.
HQ CountryIsrael
HQ City
Tel Aviv
Deal Date30 Jan 2022
RoundSeed
Raised$8M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Bluevine Competitors

Bluevine competitors include listed companies like Green Dot and Lea Bank, and private ones like Greenwood Bank, Nomad, Slash and Mos.

Public and private companies comparable to Bluevine
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Greenwood BankUnited StatesAtlanta, GAPrivate--$325M-
NomadBrazilSão PauloPrivate--$367M-
SlashUnited StatesSan Francisco, CAPrivate$150M-$370M2.5x
MosUnited StatesSan Francisco, CAPrivate--$400M-
Green DotUnited StatesUnited StatesPublicly listed$2.1B($12M)$697M0.3x
Lea BankSwedenSwedenPublicly listed$68M-$128M1.6x

Bluevine Public Comps

Bluevine is no longer listed, but its public comps include SBM Holdings, loanDepot, Indostar Capital Finance, ASA International Group, Younited, Regional Management, S & U, Valu, Better Home & Finance and Hypothekarbank Lenzburg.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SBM Holdings$385M-0.9x1.1x--
loanDepot$897M-0.4x0.3x--
Indostar Capital Finance$139M$63M6.5x9.5x14.5x-
ASA International Group$257M-1.3x1.1x--
Younited$4M($97M)94.0x2.5x(4.1x)13.2x
Regional Management$561M-0.6x0.5x--
S & U$125M-2.5x2.0x--
Valu$104M$21M3.5x5.7x17.2x-

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Common questions about Bluevine

When was Bluevine founded?Bluevine was founded in 2013.
Where is Bluevine headquartered?Bluevine is headquartered in San Francisco, CA, United States.
Is Bluevine publicly listed?No, Bluevine was acquired by Valley National Bank in September 2026.
Who acquired Bluevine?Bluevine was acquired by Valley National Bank in September 2026.
How much was Bluevine acquired for?Bluevine was acquired for $340M in September 2026.
How much funding has Bluevine raised?Bluevine has raised $289M across 9 funding rounds.
What was Bluevine's last funding round?Bluevine's last funding round was a $2M seed round in January 2020.
Who are Bluevine's investors?Bluevine's investors include Lightspeed Venture Partners, 83North, Menlo Ventures, Silicon Valley Bank, Rakuten, M12, Citi Ventures, Correlation Ventures, ION Crossover Partners, SVB Capital and 9 others.
Which companies are comparable to Bluevine?Companies comparable to Bluevine include Greenwood Bank, Nomad, Slash, Mos, Green Dot and Lea Bank.
How many companies has Bluevine invested in?Bluevine has invested in 1 company, including Bizi.
What was Bluevine's last investment?In January 2022, Bluevine invested in Bizi's $8M seed round.

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