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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