The round was led by Andreessen Horowitz, with participation from prior investors Jefferies Financial Group, New Residential Investment Corporation, an affiliate of Fortress Investment Group LLC, and 166 2nd LLC. Total funding to date now exceeds $53 million, including capital from seed investors such as serial entrepreneur Kevin Ryan's Alley Corp, Soros, Kairos, and Zigg Capital. The deal closed as the company obtained approval by Fannie Mae to service its government-sponsored home loans. Andreessen Horowitz's General Partner, Angela Strange, and Blend President and ex-Fannie Mae CEO Tim Mayopoulos have joined Valon's Board of Directors.

Valon Mortgage is a Fannie Mae approved, tech-enabled residential mortgage servicer. The company's mission is to champion homeowners on their financial journey as the partner they trust with their home and their future. Valon is licensed to service in 49 states, with New York expected to be added to the portfolio this year. For more information, visit: https://valon.com/.