SCHEDULE 13G

CUSIP No.

09352U108

Names of Reporting Persons

8VC Co-Invest Fund I, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,897,728.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,897,728.00

Aggregate Amount Beneficially Owned by Each Reporting Person

6,897,728.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

2.7 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: All shares are held by 8VC Co-Invest LP (as defined in Item 2(a) of the Original Schedule 13G (as defined below)). 8VC Co-Invest GP (as defined in item 2(a) of the Original Schedule 13G) is the general partner of 8VC Co-Invest LP. Lonsdale (as defined in Item 2(a) of the Original Schedule 13G) is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. The percentage in Row 11 is based on 254,775,978 shares of Common Stock (as define in Item 2(d) of the Original Schedule 13G) outstanding as of April 30, 2025, as reported by the Issuer in its quarterly report on Form 10-Q for the quarter ended March 31, 2025, filed with the Securities and Exchange Commission on May 8, 2025 (the "Form 10-Q").

SCHEDULE 13G

CUSIP No.

09352U108

Names of Reporting Persons

8VC Co-Invest GP I, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,897,728.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,897,728.00

Aggregate Amount Beneficially Owned by Each Reporting Person

6,897,728.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

2.7 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: All shares are held by 8VC Co-Invest LP. 8VC Co-Invest GP is the general partner of 8VC Co-Invest LP. Lonsdale is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13G

CUSIP No.

09352U108

Names of Reporting Persons

8VC Opportunities Fund II, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,975,791.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,975,791.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,975,791.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

2.0 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: All shares are held by Opportunities II (as defined in Item 2(a) of the Original Schedule 13G). Opportunities GP II (as defined in item 2(a) of the Original Schedule 13G) is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13G

CUSIP No.

09352U108

Names of Reporting Persons

8VC Opportunities GP II, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,975,791.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,975,791.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,975,791.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

2.0 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: All shares are held by Opportunities II. Opportunities GP II is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13G

CUSIP No.

09352U108

Names of Reporting Persons

Joe Lonsdale

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,873,519.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,873,519.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

11,873,519.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

4.7 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Consists of (i) 6,897,728 shares of Common Stock held by 8VC Co-Invest LP and (ii) 4,975,791 shares of Common Stock held by Opportunities II. 8VC Co-Invest GP is the general partner of 8VC Co-Invest LP. Lonsdale is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. Opportuniites GP II is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Blend Labs, Inc.

(b)

Address of issuer's principal executive offices:

7250 Redwood Blvd., Suite 300, Novato, CA 94945

Item 2.

(a)

Name of person filing:

This Amendment No. 2 (this "Amendment") amends and supplements the Schedule 13G originally filed by the Reporting Persons with the Securities and Exchange Commission on February 14, 2022, as amended by Amendment No. 1 filed with the Securities and Exchange Commission on February 8, 2023 (collectively, the "Original Schedule 13G"). Only those items that are hereby reported are amended; all other items reported in the Original Schedule 13G remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms not defined in this Amendment have the meaning ascribed to them in the Original Schedule 13G.

(b)

Address or principal business office or, if none, residence:

(c)

Citizenship:

(d)

Title of class of securities:

Class A Common Stock, $0.00001 par value per share

(e)

CUSIP No.:

09352U108

Item 4.

Ownership

(a)

Amount beneficially owned:

See Row 9 of the cover page for each Reporting Person and the corresponding comments.*

(b)

Percent of class:

See Row 11 of the cover page for each Reporting Person and the corresponding comments.*

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See Row 5 of the cover page for each Reporting Person and the corresponding comments.*

(ii) Shared power to vote or to direct the vote:

See Row 6 of the cover page for each Reporting Person and the corresponding comments.*

(iii) Sole power to dispose or to direct the disposition of:

See Row 7 of the cover page for each Reporting Person and the corresponding comments.*

(iv) Shared power to dispose or to direct the disposition of:

See Row 8 of the cover page for each Reporting Person and the corresponding comments.* *Each of the Reporting Persons disclaims beneficial ownership as to such shares, except to the extent of such Reporting Person's pecuniary interest therein.

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

8VC Co-Invest Fund I, L.P.

Signature:	/s/ Ian Shannon
Name/Title:	Ian Shannon, General Counsel of 8VC Co-Invest GP I, LLC, general partner of 8VC Co-Invest Fund I, L.P.
Date:	08/12/2025

8VC Co-Invest GP I, LLC

Signature:	/s/ Ian Shannon
Name/Title:	Ian Shannon, General Counsel
Date:	08/12/2025

8VC Opportunities Fund II, L.P.

Signature:	/s/ Ian Shannon
Name/Title:	Ian Shannon, General Counsel of 8VC Opportunities GP II, LLC, general partner of 8VC Opportunities Fund II, L.P.
Date:	08/12/2025

8VC Opportunities GP II, LLC

Signature:	/s/ Ian Shannon
Name/Title:	Ian Shannon, General Counsel
Date:	08/12/2025

Joe Lonsdale

Signature:	/s/ Joe Lonsdale
Name/Title:	Joe Lonsdale
Date:	08/12/2025