Microsoft Backs Online Lender BlueVine
The Israeli lender announces a $12 million investment from M12, Microsoft’s venture fund, bringing its latest funding round to $72 million
The investment, which joins BlueVine’s recently announced Series E, brings the funding round to a total of $72 million. Menlo Ventures and SVB Capital are two of the investors who participated in the round, first announced in June.
In a statement, BlueVine co-founder and CTO Nir Klar said the company will use the funding to develop an online platform that would make access to capital a significantly faster, simpler, and more seamless experience for business owners.