Valon Technologies has raised $150 million in Series D funding at a $2.3 billion valuation. Ribbit Capital joined the financing as a new investor, while existing investors including Andreessen Horowitz also participated. The company said the new valuation is double that of its previous financing.
Founded in 2019, Valon was established by Andrew Wang, Linda Du and Jonathan Hsu. The New York-headquartered fintech company develops ValonOS, an operating system for mortgage servicing that brings loan data, investor reporting, operational workflows, compliance processes and money movement into a unified platform. AI agents built on the system can carry out servicing tasks including responding to homeowner inquiries, allocating payments and conducting escrow analyses.
Valon plans to use the Series D capital to accelerate product development and expand its engineering, product, deployment and go-to-market teams as it works to move mortgage servicers from legacy systems onto ValonOS and its AI agents.
The company said it signed more than $200 million in contracted annual recurring revenue within six months of offering ValonOS to external mortgage servicers. Valon also said servicers representing one in six outstanding US mortgages are under contract to use the platform, including Rithm Capital’s Newrez, Carrington Mortgage Services and ServiceMac. Carrington and ServiceMac are already live on ValonOS.
The Series D follows Valon’s $100 million Series C in October 2024, which was led by WestCap with participation from Andreessen Horowitz and other investors.
