You are here
Home > Business > BlueVine Raises $18.5Mn : Hang on!!!!

BlueVine Raises $18.5Mn : Hang on!!!!

Bluevine

Bluevine

BlueVine, which provides working capital financing to small businesses, has received $18.5 million in funding. 83North (formerly Greylock IL) and Lightspeed Venture Partners led the round with participation from other investors that included Silicon Valley Bank and Correlation Ventures. Also, BlueVine has named Ido Lustig as vice president of risk management. The company has also added Stewart Wilkinson to its board of directors while Raymond Stern and Taher Behbehani will join BlueVine’s advisory board.

About BlueVine

BlueVine gives small businesses an advance on their invoices. Lumpy cash flow and long payment cycles often put a strain on small businesses’ working capital. BlueVine gives small businesses access to the funds they need to purchase inventory, cover expenses or expand operations. BlueVine’s quick, simple, online solution lets small businesses get paid on day one for invoices due in 15-90 days.

Powered by WP Review
Nasbeer Ahammed
Founder, Investor, Entrepreneur & Mentor of Expibotz Technologies Pvt Ltd, Startup ShowCase, Neukoz Technologies, Magik Media, Make My Experience, Swan Logistics, etc...
http://www.nasbeer.com
Top