Valon
“Can a fully in-house-built mortgage servicing OS displace legacy servicer software to become the operating system for the entire US residential mortgage servicing industry?”
Founded2019
HQNew York, New York, United States
Total raised$230 million
Latest roundSeries C, October 2024
IndustryVertical SaaS / Real Estate
The story
Founded in 2019, Valon was built from the ground up as a vertically integrated, cloud-native mortgage servicing platform — the first modern rebuild of mortgage servicing infrastructure in decades. Rather than licensing legacy systems, Valon built its entire servicing stack in-house, targeting the $25B mortgage servicing market. By 2024 it had grown 400% YoY and positioned itself as both a licensed mortgage servicer (Valon Mortgage, Inc.) and a SaaS platform sold to lenders who want to outsource servicing on a tech-forward basis.
Product timeline
2019
Valon founded as a tech-enabled residential mortgage servicer.· pivot
2021
Announced as a cloud-native technology platform transforming mortgage servicing, attracting early venture backing from Andreessen Horowitz.· banking
2024
Raised $100 million Series C led by WestCap, bringing total raised to $230 million; reported 400% year-over-year growth and a 50%+ operating margin on mortgage servicing.· lending
Regulated entities
Mortgage Servicer / Lender License
US (multi-state)
Valon Mortgage, Inc.
The stack
Accounting gap: minor