Valon Raises $50M in Series A Funding
Summary
Andreessen Horowitz’s General Partner, Angela Strange, and Blend President and ex-Fannie Mae CEO Tim Mayopoulos have joined Valon’s Board of Directors. The company intends to use the funds to accelerate growth through hiring and building out operations for acquiring more Mortgage Servicing Rights (MSR). Founded in 2019, by Andrew Wang, Eric Chiang and Jon Hsu, Valon provides a stack that gives both borrowers and lenders real time visibility into their loans. The cloud-native platform is built on Google Cloud with security as a first-principle, protecting borrowers with features such as default encryption and intrusion detection. The deal closed as the company obtained approval by Fannie Mae to service its government sponsored home loans.
Funding
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