Blend CEO Nima Ghamsari. Photo credit: Stuart Isett/Fortune, under Creative Commons license

Blend, a San Francisco-based startup that develops software for digital lending companies, has announced that it’s raised $75 million in Series F funding that values it at about $1.7 billion. The new funding was led by venture capital firm Canapi Ventures, with additional participation from the likes of 8VC, General Atlantic, Temasek, Greylock, and Emergence. With the new funding, Blend has now raised a total of about $365 million in known financing.

Blend’s new funding marks a momentous year for the company in which it added numerous new products, most notably a digital closing solution for home equity loans and mortgages. The San Francisco-based company added more than 130 employees over the past year and boosted its number of customers to more than 250. Overall, Blend says over $3.5 billion worth of consumer loans are processed on its platform each day.