New York-based fintech startup Valon has secured $150 million in a Series D funding round, bringing its total valuation to $2.3 billion. The investment was led by Andreessen Horowitz and Ribbit Capital, along with existing investors. This latest round doubles the company's previous valuation.
The company plans to use the capital to expand product development, increase hiring in New York and San Francisco, and scale its ValonOS platform. ValonOS is designed to replace legacy mainframe systems used in mortgage servicing by integrating loan data, reporting, and compliance into a single operating system.
Valon, founded in 2019 by Andrew Wang, Linda Du, Eric Chiang, and Jonathan Hsu, initially operated its own licensed servicing business to build and test its software. In August 2026, Carrington Mortgage Services acquired Valon Mortgage and adopted ValonOS as its core platform, managing a combined portfolio expected to reach 2 million loans.
The company reports that one in six outstanding US mortgages is currently under contract to run on ValonOS, with $200 million in contracted annual recurring revenue achieved within six months of opening the platform to external clients. Major servicers like ServiceMac and Carrington are already utilizing the system.
Valon is now integrating AI agents into its platform to automate tasks such as payment allocation, escrow analysis, and email management. The company aims to leverage its servicing data to expand into other lending sectors, including commercial, personal, auto, and student loans.
