Israeli Fintech Co. BlueVine Raises $49M
| December 15, 2016 | Israeli fintech company BlueVine has closed a $49 million Series D financing round led by existing investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund and Silicon Valley Bank. BlueVine is an online provider of everyday financing to small businesses. Since launching in March 2014, BlueVine’s cloud-based financing solutions have helped thousands of small businesses obtain quick, easy access to the funds they need to purchase inventory, cover expenses and expand operations. The company was founded by CEO Eyal Lifshitz and CTO Nir Klar in 2013 and now has 93 employees in its Tel Aviv and Palo Alto offices (about half in each). With this latest financing round, BlueVine has raised $107.5 million to date including $40 million in January 2016.