Haveli Investments Makes $150M Convertible Preferred Investment in Blend Labs
April 29, 2024
Haveli Investments has invested $150 million in Blend Labs via Series A convertible preferred stock and warrants. Blend will use approximately $145 million to repay its existing credit agreement and the remainder for general corporate purposes; Haveli CIO Brian Sheth will join Blend's board as part of the transaction.
- Buyers
- Haveli Investments
- Targets
- Blend Labs, Inc.
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Growth capital
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