Startup profile · funding coverage
Valon funding, valuation and investors
Independent mortgage-servicing software company behind ValonOS; sold its Valon Mortgage servicing subsidiary to Carrington in August 2026.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series D
$150M · October 5, 2026
Latest known valuation
$2.3B
Series D · October 5, 2026
Total disclosed equity funding
$347M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · New York, New York
Overview
Founded in 2019 by Andrew Wang, Eric Chiang and Jon Hsu, Valon Technologies built and operated Valon Mortgage to develop and prove its mortgage-servicing software, ValonOS. Carrington Mortgage Services acquired Valon Mortgage, Inc. from Valon Technologies on August 4, 2026, adding approximately 810,000 loans; Valon Technologies remains an independent software company and Carrington will use ValonOS as its core platform. Valon announced a $50M Series A in February 2021, a $43.9M equity financing in November 2021, and a $100M Series C led by WestCap in October 2024. Its 2024 release reported $230M total raised, while the August 2026 Carrington release says more than $290M raised; intervening round amounts and terms are not fully disclosed. Rithm Capital announced a significant minority equity holding and a planned Newrez ValonOS deployment in February 2026.
Why Valon is interesting
Valon separated the mortgage-servicing operation it built to prove ValonOS from the software company. Carrington bought the servicing subsidiary in August 2026 and adopted ValonOS; Rithm's Newrez also plans to transition to the platform.
Product & use cases
Valon's servicing platform handles payment processing, escrow administration, loss mitigation, and borrower communication for mortgage servicers and MSR investors. Cloud-native architecture replaced legacy mainframe systems common among incumbent servicers (Mr. Cooper, Loancare).
- Homeowners making payments and managing escrow via Valon's mobile app
- MSR owners outsourcing servicing to a tech-native operator with lower cost per loan
- Non-bank lenders needing Fannie Mae-compliant servicing on modern infrastructure
Key facts
- October 5, 2026: raised $150M Series D at a $2.3B valuation from Ribbit Capital and Andreessen Horowitz.
- August 4, 2026: Carrington completed the acquisition of Valon Mortgage, Inc. from Valon Technologies; Valon Technologies continues as the ValonOS software company. https://news.carringtonhc.com/press/news/805
- February 2, 2026: Rithm announced significant minority equity ownership in Valon Technologies and said Newrez would begin transitioning to ValonOS in 2027; investment amount undisclosed. https://ir.rithmcap.com/investors/news/news-details/2026/Rithm-Capital-Deepens-Partnership-With-Valon-AI-Native-Platform-to-Advance-Newrez-Servicing-Capabilities/default.aspx
- October 23, 2024: $100M Series C led by WestCap, with Andreessen Horowitz participating; HousingWire reported a $1.1B valuation. https://www.businesswire.com/news/home/20241023026030/en/
- December 3, 2024: Valon Mortgage approved as a Ginnie Mae issuer. https://www.businesswire.com/news/home/20241203082731/en/
- November 3, 2021: $43.9M equity financing with Starwood Capital and Freedom Mortgage affiliates; the company announcement did not specify a round label. https://www.businesswire.com/news/home/20211103005379/en/
- February 2, 2021: $50M Series A led by Andreessen Horowitz. https://www.businesswire.com/news/home/20210202005142/en/
Funding history (newest first)
Series D
2026-10-05 $150M Valuation: $2.3BSource: Read source · businesswire.com
Strategic minority equity investment
2026-02-02- Rithm Capital (participant)
Source: Read source · ir.rithmcap.com
Series C
2024-10-23 $100M Valuation: $1.1B (HousingWire reported)- WestCap (lead)
- Andreessen Horowitz (participant)
Source: Read source · businesswire.com
Equity financing (reported as Series B)
2021-11-03 $43.9M Valuation: ~$590M (Bloomberg reported)- Starwood Capital Group affiliate (participant)
- Freedom Mortgage affiliate (participant)
- Human Capital Management (participant)
- Marcelo Claure (participant)
- Andreessen Horowitz (participant)
- New Residential Investment Corporation (participant)
Source: Read source · businesswire.com
Series A
2021-02-02 $50M- Andreessen Horowitz (lead)
- Jefferies Financial Group (participant)
- New Residential Investment Corporation (participant)
- 166 2nd LLC (participant)
Source: Read source · businesswire.com
Seed
2019-07 $3.2M- AlleyCorp (participant)
- Soros Fund Management (participant)
- Kairos (participant)
- Zigg Capital (participant)
Source: Read source · techcrunch.com
Investors in our directory
Funds linked from Valon's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Regulatory approval as a new Fannie Mae servicer on proprietary software was a multi-year barrier incumbents enjoyed — Valon cleared it while delivering superior borrower UX vs. legacy servicer portals.
Mortgage servicing is oligopolistic with aging technology and poor borrower NPS. Valon proved a startup could earn GSE approval and scale servicing book — rare in regulated mortgage infra. Carrington's 2026 acquisition consolidates tech with an existing servicer/seller. Investors (a16z, Ribbit, WestCap) realized exit after proving the licensing and ops model.
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Mr. Cooper incumbent
Large legacy servicer; Valon competed on tech UX and operational cost structure.
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LoanCare incumbent
Subservicing incumbent; Valon targeted greenfield MSR owners wanting modern stack.
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Blend adjacent
Origination software; Valon focused on post-close servicing, complementary lifecycle stage.
Notable stories
- Valon Technologies built and operated Valon Mortgage to prove ValonOS. Carrington acquired only the servicing subsidiary in August 2026; Valon Technologies remains an independent software company. https://news.carringtonhc.com/press/news/805
- The four publicly itemized equity financings through October 2024 sum to $197.1M ($3.2M seed, $50M Series A, $43.9M 2021 investment, $100M Series C), below the company's $230M 2024 cumulative figure; do not infer the allocation of the difference. Carrington's August 2026 statement says more than $290M raised. https://www.businesswire.com/news/home/20241023026030/en/ https://news.carringtonhc.com/press/news/805
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Valon's financing or category context.
FAQs about Valon
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