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Venture Capital News: Vesta Receives $30M Series A Funding Round

SAN FRANCISCO, CA, Vesta, a mortgage loan origination system software-as-a-service (SaaS) company, today announced a $30 million Series A investment.
The round was led by Andreessen Horowitz with participation from new investor Zigg Capital. Seed investors Conversion Capital and Bain Capital Ventures also funded the round, bringing the company's total raised since November 2020 to $35 million. The round will help accelerate efforts to achieve its mission to enable a seamless, transparent experience for financial institutions and their customers through an intelligent, opinionated, and intuitive workflow platform. The fresh capital will fuel Vesta's aggressive hiring plans and expansion of its SaaS technology to customer environments.

Vesta is a provider of a SaaS platform for mortgage loan origination software, connecting banks, credit unions, mortgage bankers and brokers. The technology provides a customizable platform for mortgage origination, supporting approval, underwriting, closing and funding of home loans. Headquartered in San Francisco, CA, the company was founded by early Blend employees Mike Yu and Devon Yang in 2020.
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