General World News

Digital servicer Valon snaps up $50M in Series A round

Digital mortgage servicer Valon (formerly known as Peach Street) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz.

Valon now boasts $53 million in total funding to date, and it is aiming its sights on industry giant Black Knight.

Others participating in this round included previous investors Jefferies Financial Group, New Residential Investment and an affiliate of Fortress Investment Group. Repeat investor 166 2nd, the family office of Adam Neumann, co-founder of WeWork, also contributed to the latest round.

Founded in 2019 and marketed as a mobile-friendly servicer, Valon allows details ⇒

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