Vesta, a San Francisco, CA-based mortgage loan origination system software-as-a-service (SaaS) company, announced that it raised $30 million in Series A funding, bringing the total raised since November 2020 to $35 million.

The round was led by Andreessen Horowitz, with participation from Zigg Capital, Conversion Capital, and Bain Capital Ventures.

The company intends to use the funds to expand its hiring plans and its SaaS technology to customer environments.

Company: Vesta Innovations, Inc

Raised: $30.0M

Round: Series A

Funding Month: January 2022

Lead Investors: Andreessen Horowitz 

Additional Investors: Zigg Capital, Conversion Capital, and Bain Capital Ventures

Company Website: https://www.usevesta.com/

Software Category: Mortgage loan origination system software

About the Company: Founded by early Blend employees Mike Yu and Devon Yang in 2020, Vesta is a provider of a SaaS platform for mortgage loan origination software, connecting banks, credit unions, mortgage bankers, and brokers. Vesta is building the next generation of the mortgage LOS, helping financial institutions transform their lending process with customizable workflows, open architecture, and intuitive, easy-to-use experiences. The technology provides a customizable platform for mortgage origination, supporting approval, underwriting, closing, and funding of home loans. 

Source: https://www.finsmes.com/2022/01/vesta-raises-30m-in-series-a-funding.html