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Small business lender BlueVine just nabbed $102.5 million in funding on the heels of its banking launch

BlueVine CEO Eyal Lifshitz

  • Small business lender BlueVine just raised $102.5 million in equity funding led by ION Crossover Partners, with participation from Citi Ventures, Silicon Valley Bank Capital, and Menlo Ventures.
  • The Series F comes a month after BlueVine announced its new banking service for businesses.
  • This round brings BlueVine’s total capital raised to $240 million.
  • “The fundraise is holistically to enable this company to get to a scale where it could be a large, publicly traded fintech company,” Tyler Sosin, a partner at Menlo Ventures, told Business Insider.
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Source:: BusinessInsider.Com