Valon raises $100 million

Mortgage servicing startup Valon Technologies announced the successful completion of its $100 million Series C funding round led by WestCap with participation from new and existing investors including Andreessen Horowitz, bringing its total raised capital to $230 million since its founding in 2019.

Valon has achieved “significant momentum,” with 400% year-over-year growth and over $65 billion in mortgages serviced on its platform. The NY-based startup claims to be a top 15 US subservicer.

Valon also offers insurance in partnership with Matic Insurance.

“From the very beginning, our goal has been to build the servicing software platform of tomorrow. That means bringing transparency, efficiency, and improved customer experience to mortgage servicing. This new funding demonstrates that we’ve hit the milestones to prove our software is best in class and will allow us to double down on our technology to deliver even more value to the industry.” – Andrew Wang, CEO of Valon.

“Valon has built a fundamentally better and more comprehensive solution for a market that has been characterized by limited technological innovation for decades. The company’s strong growth and market share gains, industry-leading innovative feature set, and best-in-class customer satisfaction underscore Valon’s ability to deliver meaningful value to both mortgage servicers and homeowners.” – Josh Dart, Partner at WestCap.