FinTech news in menlo ventures category

A January filing indicates that Menlo once sought to raise $750 million for its third special opportunities fund; it wound up raising about $11 million more, from 29 undisclosed investors, per the firm’s latest filing.

The challenges her father faced as a business owner in the construction industry always stayed in the back of her mind, so when Lin got the entrepreneurial itch, it was a natural move to help start a company that helped trade contractors better control their finances.

For example, one company in the space, Optimal Blue, was purchased by Black Knight for $1.8 billion in 2020 to boost its data and analytics capabilities Carmel believes Polly stands out from others in the industry in that it is helping create a fourth category in the mortgage sector — capital markets.