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New Deal


Announced

Completed

Coatue and Tiger Global led a $300m Series G round in Blend.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Single Bidder

Private Equity

Friendly

digital lending solutions

Acquisition

Completed

Minority

Domestic

United States

FinTech

Private

Synopsis

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Investment firms Coatue and Tiger Global led a $300m Series G round in Blend, a provider of digital lending solutions. "2020 was a big year of change for the banking industry. Stay at home orders and social distancing mandates accelerated digital adoption faster than anyone could have expected. Blend has been at the forefront of this revolution, helping banks rapidly meet the changing needs of their customers," Kris Fredrickson, Coatue Managing Partner.

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