Aven, a fintech startup known for its home-equity-backed credit cards, has raised $110 million in Series E financing at a $2.2 billion post-money valuation. The San Francisco-based company is one of a growing number of startups focused on helping U.S. consumers take advantage of the estimated $35 trillion in wealth tied up in their homes.

The latest round was led by Khosla Ventures, with participation from existing backers General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund. In July 2024, Aven raised $142 million in Series D financing at a $1 billion valuation.

Aven’s primary product is a secured credit card designed for prime and super-prime homeowners. The card offers consumers interest rates in line with that of a home-equity line of credit, or HELOC, with

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