BlueVine, a US-based invoice factoring service that allows companies to be paid earlier for sales made, has raised $40m in its series C round from a consortium including Japan-based consumer company Rakuten’s FinTech corporate venturing fund.
Venture capital firm Menlo Ventures led the C round, which also included VC peers Lightspeed Venture Partners, 83North and Correlation Ventures and a debt facility from Silicon Valley Bank.
Founded in 2013, BlueVine has raised $64m in total.