Valon raises $150 million Series D at a $2.3 billion valuation

Valon announced a $150 million Series D at a $2.3 billion valuation, with Ribbit Capital joining as a new investor and a16z continuing its participation. The mortgage software company says it closed over $200 million in contracted annual recurring revenue within six months of bringing ValonOS to market and that the software will power one in six US mortgages.