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Blend Network secures GBP10 million in funding round led by VC investor Nico Paraskevas

Market-disruptive property lender Blend Network (Blend) has secured GBP10 million in funding in its latest investment round, which was led by emerging VC investor Nico Paraskevas, a former senior executive at Glencore.

The funding round was capped at this level following an oversubscription. 

Existing investors, who also participated in this round, include Cyrus Ardalan, former Barclays Vice Chairman and current Chairman of both OakNorth Bank and CAF Financial Solutions Limited, and Jean-Philippe Blochet, co-founder of macro hedge fund Brevan Howard, which as of October 2021 has USD20 billion in assets under management. 
Backed by family offices since 2019, the company also counts Publicis Group Chairman Maurice Levy’s family office among its existing investors. Blend now draws only less than 10 per cent of its funding from restricted retail investors, which made up the majority of its backers just a couple of years ago. 

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