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Stock impact report

Aven Raises $110M Series E at a $2.2B Valuation to Build America's First "Machine Banking" Platform for Homeowners [Yahoo! Finance]

Coastal Financial Corporation (CCB) 
Last coastal financial corporation earnings: 4/27 09:25 am Check Earnings Report
Company Research Source: Yahoo! Finance
SAN FRANCISCO, September 09, 2025 BUSINESS WIRE )--Aven, the pioneer in home equity–backed credit cards, today announced a $110 million Series E financing at a $2.2 billion post-money valuation — more than double its valuation from a year ago. The round was led by Khosla Ventures, with participation from existing investors General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund. With the support of their investors, Aven is well-positioned to accelerate building America's first full-service "machine banking" platform – powered by automation, patented robotics, and large-scale machine learning – to dramatically reduce borrowing costs and support consumers in every aspect of their financial lives. Aven's rapid growth highlights strong customer adoption and capital markets validation: 3x customer base growth year-over-year More than $3 billion in aggregate credit lines issued Over $215 million in interest savings delivered to homeowners since inception Show less Read more
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