Vesta Raises $30M Series B Led by Conversion Capital to Scale AI Mortgage Agents
Summary
Vesta announced a $30M Series B on October 8, led by Conversion Capital with lender participation from Pennymac, New American Funding and NBKC Bank plus Citi Ventures, FirstKey, Navitas, a16z, Zigg Capital, Parker89 and First American's venture arm, bringing total funding to $85M. CEO Mike Yu said revenue is up 12x YoY at under 5% market share and credited Claude Sonnet 4.5 as the breakthrough that let agents follow user-configured instructions through multi-stage mortgage origination. Vesta's platform now handles underwriting, condition clearing and closing reviews for lenders originating $100B+ annually.
Originally reported by techcrunch.com
Read the original article →Original headline: Vesta Raises $30M Series B Led by Conversion Capital to Scale AI Mortgage Agents