Kiavi Acquisition, Valuation, Funding & Investors

Kiavi was acquired by Figure Technology for $717M in June 2026, a 2.9x multiple on $250M of revenue.

See full Kiavi profile

Kiavi acquisition price

$717M

Acquired by Figure Technology · Jun 2026

Kiavi revenue at acquisition

$250M

Last twelve months · Jun 2026

Kiavi revenue multiple at acquisition

2.9x

EV/Revenue · Jun 2026

Kiavi EBITDA multiple at acquisition

7.2x

EV/EBITDA · Jun 2026

Kiavi Overview

About Kiavi

Kiavi is a San Francisco-headquartered direct lender offering short-term financing for real estate investors, including fix-and-flip loans, bridge financing, rental property loans using debt service coverage ratios, new construction funding, and portfolio loans. Its online platform employs automation, after-repair-value estimators, and cash-to-close calculators to approve loans in days nationwide.


Founded

2013

HQ

United StatesSan Francisco, CA

Website

kiavi.com

Status

Acquired

Customer focus

B2B

Revenue model

Services

Revenue

$250M (Jun 2026)

Valuation

$32M (Nov 2013)

Kiavi Acquisition

Kiavi was acquired by Figure Technology for $717M on 9 June 2026.

The acquisition price implies a 2.9x revenue and 7.2x EBITDA multiple on $250M of revenue.

Before the acquisition Kiavi had raised $241M across 5 funding rounds.

Kiavi acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
9 Jun 2026Strategic M&A$717M2.9x7.2x

Kiavi Valuation

Kiavi is currently valued at $32M, based on its Series A in November 2013.

The $11M round was led by Foundation Capital, with participation from Lee Linden.

Kiavi valuation by funding round

Kiavi valuation by funding round
DateStageValuation
Nov 2013Series A$32M

Kiavi Funding History

Kiavi has raised a total of $241M across 5 funding rounds.

Kiavi's first fundraising round was a $11M Series A in November 2013. The most recent completed round was a $75M Series E in December 2020.

Kiavi funding rounds

Kiavi funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2020Series EBenefit Street Partners (lead); ZMT Capital$75M-Kiavi is a tech-enabled lender specializing in residential real estate transition loans and fix-and-flip financing for property investors. The company has built a platform that leverages AI and data analytics to provide capital, transparency, and speed to real estate investors nationwide. Kiavi raised a Series E funding round of $75 million in December 2020 led by Benefit Street Partners, as confirmed by multiple sources. The company has grown substantially since this round, originating a record $4.5 billion in loan volume in the first seven months of 2025, representing a 26% increase over the same period in 2024. As of recent reporting, Kiavi has originated over $30 billion in total loans and has completed multiple securitization transactions, demonstrating significant scale and investor confidence in its business model. The company has expanded its platform capabilities with AI-powered processes and enhancements to support real estate investors' growth across the nation.
Oct 2017Series CNoah Holdings; Ballistic Ventures; Sapphire Ventures; Sberbank of Russia$57M--
Mar 2015Series CMoatable (lead); Jose Marin; Acurio Ventures; First Round Capital; FJ Labs; Acequia Capital (AceCap); Fabrice Grinda; DHVC; Foundation Capital$70M-Kiavi, formerly LendingHome, is a fintech company providing financing to real estate investors, specializing in short-term loans for fix-and-flip projects using data analytics for risk assessment. It offers bridge loans with up to 95% loan-to-cost and 80% after-repair-value financing, closing in as few as 7 days, with loan sizes from $100,000 to $3 million. The platform supports national expansion and new loan products. In March 2015, Kiavi (as LendingHome) closed a $70 million Series C funding round led by Moatable (then Renren, Inc.), matching the specified investors including Acequia Capital, Acurio Ventures, DHVC, Fabrice Grinda, First Round Capital, FJ Labs, Foundation Capital, and Jose Marin. This followed a $28 million Series B in 2014 and $11.3 million Series A in 2013, bringing total equity raised to over $109.3 million by April 2015. The funds aimed to scale operations, improve services, expand nationally, introduce new products, and enhance infrastructure. By its first year of operations ending April 2015, LendingHome had originated over $100 million in loans since launching in April 2014, demonstrating strong early traction with pristine loan performance and attractive risk-adjusted returns. Kiavi has grown into a leading provider for real estate investors, executing securitizations like a $271 million revolving mortgage-backed deal in 2022 to support $750 million in originations. Investors showed confidence in its model, with institutional backing for residuals and deconsolidated deals.
Aug 2014Series BRibbit Capital (lead); First Round Capital; Foundation Capital; Cowboy Ventures$28M-Kiavi, formerly LendingHome, is a fintech company providing short-term mortgage loans such as fix-and-flip bridge loans and rental loans for real estate investors, using proprietary technology to streamline the lending process. Founded in October 2013 by Matt Humphrey and James Herbert in San Francisco, it launched operations in April 2014. In its Series B round around August/September 2014, LendingHome raised $28 million led by Ribbit Capital, with participation from Cowboy Ventures, First Round Capital, Foundation Capital, and others including Colony Capital and angel investors. This followed a $11.3 million Series A in November 2013 led by Foundation Capital. The Series B aimed to accelerate growth, expand the team, support national expansion, introduce new loan products, and enhance infrastructure. By late 2014 or early 2015, LendingHome had originated over $100 million in loans in its first year of operations, demonstrating early traction with pristine loan performance and attractive risk-adjusted returns for investors. The company positioned itself as a leader in the mortgage marketplace lending space, rebuilding the mortgage process on a unified technology platform to improve borrower experience and expand credit access. Investors highlighted the model's validation through loan performance, positioning LendingHome to broaden capital markets relationships. Subsequent funding included significant debt financings, such as $158 million in January 2023, $400 million in October 2024, and $400 million in August 2025, to support lending operations and growth, with total equity raised over $100 million by early 2015 and overall funding exceeding $1.5 billion across rounds.
Nov 2013Series AFoundation Capital (lead); Lee Linden$11M$32MKiavi, founded in 2013 and headquartered in Pittsburgh, PA, is a tech-enabled lender to residential real estate investors, providing fix-and-flip loans and other products through a data-driven platform. On November 14, 2013, the company raised $11.31 million in its Series A round led by Foundation Capital, with participation from Ariel Poler and First Round Capital, achieving a post-money valuation of $32.31 million at a price per share of $0.96. Key early investors included Foundation Capital and others such as Cowboy Ventures, Industrial Technology Investment, and Ribbit Capital, with terms featuring a 1.0x liquidation preference, 1.0x conversion ratio, and 8.0% dividend rate.

Who has invested in Kiavi?

18 investors have backed Kiavi across its funding rounds, including Foundation Capital, First Round Capital, FJ Labs, Sapphire Ventures, Ribbit Capital and Acequia Capital (AceCap).

Lead investors include Benefit Street Partners, Moatable, Ribbit Capital and Foundation Capital.


Kiavi Investors

Investors in Kiavi by funding rounds participated
InvestorHQRoundsRoleFirst check
Foundation CapitalUnited StatesSan Francisco, CA3LeadNov 2013
First Round CapitalUnited StatesPhiladelphia, PA2ParticipantAug 2014
Lee LindenUnited StatesNew York City, NY1ParticipantNov 2013
Jose MarinSpainMadrid1ParticipantMar 2015
Acurio VenturesSpainBilbao1ParticipantMar 2015
Noah HoldingsChinaShanghai1ParticipantOct 2017
FJ LabsUnited StatesNew York City, NY1ParticipantMar 2015
Benefit Street PartnersUnited StatesNew York City, NY1LeadDec 2020
Acequia Capital (AceCap)United StatesParis1ParticipantMar 2015
Ribbit CapitalUnited StatesSan Francisco, CA1LeadAug 2014
Fabrice GrindaUnited StatesNew York City, NY1ParticipantMar 2015
MoatableUnited StatesPhoenix, AZ1LeadMar 2015
DHVCUnited StatesSan Francisco, CA1ParticipantMar 2015

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Kiavi Competitors

Kiavi competitors include listed companies like LendInvest, Propel Holdings, Funding Circle and Green Dot, and private ones like Clear and Stashfin.

Public and private companies comparable to Kiavi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LendInvestUnited KingdomUnited KingdomPublicly listed$139M$47M$54M20.9x
Propel HoldingsCanadaCanadaPublicly listed$556M$130M$711M1.5x
ClearIndiaBangalorePrivate$25M-$700M28.0x
Funding CircleUnited KingdomUnited KingdomPublicly listed$299M$42M$686M2.3x
StashfinIndiaNew DelhiPrivate$100M-$750M7.5x
Green DotUnited StatesUnited StatesPublicly listed$2.1B($12M)$751M0.3x

Kiavi Public Comps

Kiavi is no longer listed, but its public comps include Propel Holdings, Funding Circle, Green Dot, Katapult, FinVolution Group, OppFi, MFA Financial, RFA Financial, United International Holding and Pepper Money.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Propel Holdings$556M$130M1.9x1.5x8.3x6.8x
Funding Circle$299M$42M2.6x2.3x18.5x10.6x
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x
Katapult$292M$215M3.0x2.7x4.0x58.2x
FinVolution Group$2B$476M0.0x0.1x0.2x0.3x
OppFi$597M$161M1.4x1.4x5.1x3.9x
MFA Financial$299M-24.2x30.2x--
RFA Financial$172M($66M)8.4x-(21.9x)-

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Common questions about Kiavi

When was Kiavi founded?Kiavi was founded in 2013.
Where is Kiavi headquartered?Kiavi is headquartered in San Francisco, CA, United States.
Is Kiavi publicly listed?No, Kiavi was acquired by Figure Technology in June 2026.
Who acquired Kiavi?Kiavi was acquired by Figure Technology in June 2026.
How much was Kiavi acquired for?Kiavi was acquired for $717M in June 2026, a 2.9x revenue multiple.
What is Kiavi's valuation?Kiavi was last valued at $32M in its Series A in November 2013.
How much funding has Kiavi raised?Kiavi has raised $241M across 5 funding rounds.
What was Kiavi's last funding round?Kiavi's last funding round was a $75M Series E in December 2020, led by Benefit Street Partners.
Who are Kiavi's investors?Kiavi's investors include Foundation Capital, First Round Capital, Lee Linden, Jose Marin, Acurio Ventures, Noah Holdings, FJ Labs, Benefit Street Partners, Acequia Capital (AceCap), Ribbit Capital and 8 others.
Which companies are comparable to Kiavi?Companies comparable to Kiavi include LendInvest, Propel Holdings, Clear, Funding Circle, Stashfin and Green Dot.

See companies similar to Kiavi

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