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Online Lender Better.com Raises $200 Million at $4 Billion Valuation

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Online mortgage lender Better.com has closed a new funding round led by private equity firm L Catterton, according to an internal memo reviewed by Bloomberg News.

The New York-based startup raised about $200 million in a series D financing to fund growth, according to the Better.com memo. The company is valued in the round at $4 billion, said people familiar with the matter who asked not to be identified because the information was private.