BlueVine Receives Strategic Investment from Citi Ventures

BlueVine_LogoBlueVine, a Palo Alto, CA-based online provider of everyday financing to small businesses, received a strategic investment from Citi Ventures.

The financial terms of the deal, which represents a follow-on investment to BlueVine’s $40m Series C financing in January 2016, were not disclosed.

The company will use the funds to accelerate growth and penetration into new market segments.

Led by Eyal Lifshitz, founder and CEO, and vice president of finance and strategy Ana Sirbu, BlueVine provides a cloud-based working capital financing platform for small businesses. The company recently launched Flex Credit, a platform expansion beyond invoice factoring to offer small businesses a revolving line of credit.
Funded by Lightspeed Venture Partners, 83NORTH, Correlation Ventures, Menlo Ventures, Rakuten Fintech Fund and other private investors, BlueVine is currently on track to fund more than $200 million in working capital in 2016.



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