Times are good for the mortgage company Blend, which raised $75 million in capital. Blend is a mortgage matching site that helps buyers find and process loans with banks. Since the pandemic began, the company has reported a 1,000% jump in refinance applications and 100% jump in purchase applications. That’s a lot of percentages. Since the pandemic began I’ve gained an additional 6% body fat.
This $75 million investment came from venture capital investors in a Series F round of funding. This means that the company has already raised A through E rounds of funding but F was a particularly good one, up 70% from last year.