Prosper secures another $20M in financing
Today, P2P lending marketplace Prosper announced an additional $20 million in financing from DAG Ventures and Meritech Capital Partners. This is Prosper’s third round of funding, and brings the total in venture capital raised by the company to $40 million.
This makes Prosper the most heavily-financed P2P lending site in the world, pulling ahead of Zopa, who was the previous leader at $34 million after theyannounced a third round of $13 million back in March.
Meritech describes itself on its web site as “a leading provider of late-stage venture capital”, and goes on to boast expertise in, among other things, “IPO market timing”. DAG Ventures is less specific about their objectives.
Also included in Prosper’s announcement was an updated membership count of 330,000, and a total amount of loans funded of $70 million.
Related posts:
- Prosper Takes Debt Financing Bridge at 15% interest
American P2P lending service Prosper announced on their blog today that they had received a new round of “investment” from Nigel Morris of QED Investors, the founder of... - Lending Club Makes $12M Series B Official
Earlier this week we noticed a funding announcement via Twitter from Luc Hardy of Sagax, assuming he was the VC responsible. According to the press release made public... - Lending Club to Announce $12 Million in New Venture Capital?
I couldn’t help but notice a tweet from LucHardy, president of Sagax, a venture capital firm, saying “We’ve just raised another $12M at LendingClub – Bravo team!”. Clicking... - Lending Club Reveals $4.1 M in New Funding
In their latest prospectus filed with the SEC before relaunching their site, Lending Club revealed that they have received $4.1 million in new funding, apparently from Canaan Partners... - LendingClub raises $10.2M Series A
On August 23, LendingClub announced that they were about to close a Series A round of funding for $10.2 million from Norwest Venture Partners and Canaan Partners. This first round...