Blend, a leader in digital lending technology, today announced it has raised $130 million in Series E funding led by Temasek and General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company’s total funding to $310 million.
Invoice Cloud, Inc. (“Invoice Cloud”), a leading Software as a Service (“SaaS”) provider of vertical software, billing, and payments solutions, today announced a strategic partnership with General Atlantic, a global growth equity firm. General Atlantic, which will become the majority shareholder, will invest in Invoice Cloud alongside existing shareholder Summit Partners and Invoice Cloud management to help fuel the company’s next stage of growth.
SigFig, a financial technology company for banks, advisors, and consumers, announced today that it has raised $50 million in Series E funding. The round was led by General Atlantic, a leading global growth equity firm, with participation from existing investors including Bain Capital Ventures, DCM Ventures, Eaton Vance, New York Life, Nyca Partners, UBS, and Union Square Ventures.
Alkami Technology Inc., a leading provider of digital banking solutions to credit unions and banks, announced today that General Atlantic, a leading global growth equity firm, has made a strategic investment in the company. General Atlantic will be joining existing investors S3 Ventures, Argonaut Private Equity, and a number of other strategic fintech investors in Alkami’s next stage of innovation, growth, and expansion.
Insurity, Inc., a provider of core insurance processing software and data integration and analytics solutions, announced today that General Atlantic, a leading global growth equity firm, has made a strategic growth investment in the company. General Atlantic joins TA Associates and Genstar Capital as an investor.
General Atlantic, a leading global growth equity firm, announced today that Eric Zhang, former Global Partner and Managing Director of The Carlyle Group, has joined General Atlantic as Managing Director and Head of China. Mr. Zhang will lead the firm’s investments in growth companies across China.
Avant, one of the nation’s fastest growing marketplace lending platforms, announced today it has signed a definitive agreement related to a $325 million Series E equity finance round and expects to close the transaction in mid-October. The funding round is being led by global growth equity firm General Atlantic, with additional participation from Balyasny Asset Management and J.P. Morgan. Existing investors Tiger Global Management and August Capital are expected to participate in the financing round as well as RRE Ventures and DFJ Growth.
Two innovative, Chicago-based online brokerage firms OptionsHouse LLC, a subsidiary of PEAK6 Investments, L.P., and tradeMONSTER, a subsidiary of tradeMONSTER Group, Inc.today announced definitive agreements to combine under a new standalone company, creating a market leading brokerage for active traders and investors. The combination of OptionsHouse and tradeMONSTER will bring together two dynamic companies that offer customers fast, reliable execution, ease of use, and superior value delivered seamlessly across desktop and mobile devices.
Gene Lockhart, MasterCard’s Former Global CEO and President, Named Special Advisor to General Atlantic
General Atlantic ("GA"), a leading global growth equity firm, announced today that it has appointed Gene Lockhart as a Special Advisor. An executive and investor with significant experience across a wide range of businesses within the financial services industry, Mr. Lockhart will be working closely with GA’s Financial Services sector to identify new investment opportunities and provide strategic support for its portfolio companies.