Vontive Receives Equity Investment from Citi; Launches $150M Revolving Securitization
Here’s a structured summary based on the provided information:
Company Overview:
- Startup: Vontive
- Website: Vontive
- Location: San Francisco, CA
- CEO: Charles McKinney
- Industry: Business-purpose mortgage technology
Investment Details:
- Investor: Citi (through Citi’s Spread Products Investment in Technologies (SPRINT) team)
- Fundraise Series: N/A (described as an equity investment)
- Date of Investment: March 6, 2025
- Amount Raised: $150M (through securitization, VNTV 2025-RTL1)
Purpose of Funds:
- Expand operations
- Development efforts
Additional Context:
- Vontive provides an embedded mortgage platform that standardizes private credit mortgages, enabling banks and other entities to launch their own investment-mortgage business.
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2025-06-03 12:59:42