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BlueVine Bags $4 Million Venture Capital Round

Friday, March 28, 2014 5:36:00 AM PDT | VentureDeal

   Palo Alto, California  --  Financial services company BlueVine has received $4 million in new venture capital investment from a syndicate of firms.

BlueVine has developed an online marketplace that enables small businesses to sell their outstanding invoices for working capital.

Investors in the round included Lightspeed Venture Partners, Greylock Partners, Correlation Ventures, Kreos Capital and Kima Ventures.

The company did not specify how the proceeds would be used, but announced its beta test launch concurrent with the financing.

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