Vesta raises $30M to bring AI agent swarms to mortgage lenders

Vesta, an AI-native startup automating mortgage origination with AI agents, raised a $30 million round led by Conversion Capital. Citi Ventures, Andreessen Horowitz and three customers including Pennymac and New American Funding also invested. Revenue is up 12x year over year, with $85 million raised to date.

• The $30M round was led by Conversion Capital with Citi Ventures and a16z
• Vesta's revenue grew 12x year over year; total funding now $85M
• The company helps originate over $100 billion in loans annually
• Closing a US mortgage takes about 40 days and costs roughly $11,000