Blend Labs, a leading provider of cloud banking services, has announced a strategic partnership with Haveli Investments, a technology-focused private equity firm, including a $150 million investment. Structured as convertible preferred stock, the investment will strengthen Blend’s financial position and balance sheet, with approximately $145 million allocated to repay existing credit agreements and the remainder for general corporate purposes. Brian Sheth, Haveli’s Chief Investment Officer, will join Blend’s Board of Directors, reflecting confidence in Blend’s growth strategy and its mission to innovate in the financial services space.
Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million Investment
