Valon, NYC-based provider of a vertically integrated mortgage servicing platform, raised $100M in funding.
The round was led by WestCap with participation from new and existing investors including Andreessen Horowitz, bringing Valon’s total raised capital to $230M since its founding in 2019. Josh Dart, Partner at WestCap, is joining the Valon board.
The company intends to use the funds to further accelerate its product development and market expansion.
Led by CEO Andrew Wang, Valon is a provider of a modern mortgage servicing platform that is leveraging technology to streamline mortgage processes and provide homeowners access to fair, and transparent services.
The company has achieved significant momentum, with 400% year-over-year growth and over $65 billion in mortgages serviced on its platform. Moreover, Valon is expanding the market through increased consumer cross-sell, unlocking the opportunity to double or triple the total addressable market for mortgage servicers. The company has also launched significant new consumer businesses in property insurance and property tax appeals.
