Venture Capital
Kevin Rose Loves Lending Club
Kevin Rose, founder of Digg.com and Milk Inc., has taken a liking to Lending Club’s peer-to-peer lending service. Rose shared on Google Plus that he became interested in peer-to-peer lending after Fred Wilson’s Union Square Ventures invested $25 million into Lending Club in August. He has since sold off a significant number of his stock [...]
Lending Club Receives Two More Investment Partners
Lending Club issued a press release today announcing that Peter J. Thomson and Thomvest Ventures have made strategic investments in the company. Peter Thomson has become an investor in the Conservative Consumer Credit Fund, which invests in the two highest grades of 36-month consumer loans originated through the Lending Club platform. Thomvest, Thomson’s venture fund, [...]
Lending Club Receives $25 Million in Series D funding
Lending Club has received $25 million in new venture capital, in a Series D round lead by Union Square Ventures. The new round of funding comes from Union Square Ventures $165 million Opportunity Fund, which aims to make later-stage investments. The $25 million raise is also the single largest initial investment that Union Square has [...]
ReadyForZero Raises $4.5 Million in Venture Capital
ReadyForZero, a startup that helps consumers pay off their debt, has raised $4.5 million in venture capital. The Series-A round was led by Polaris Venture Partners and Citi Ventures also participated in the round. The company had most recently raised $260,000 in an angel round in October 2010 which came from a number of well-known [...]
Prosper.com Announces $17.2 Million Series E Round of Venture Capital
Prosper.com announced on Wednesday that it had received a new round of venture capital totaling $17.2 million lead by Draper Fisher Jurvetson and Crosslink Capital. Existing investors Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures and Volition Capital also participated in this latest round of funding. The company announced that Draper Fisher Jurvetson founder Tim Draper will [...]
MicroVentures Melds Venture Capital and Peer to Peer Lending
MicroVentures Marketplace has launched a new service that aims to bring concepts from peer to peer lending into the world of venture capital. The company allows businesses in a number of sectors to raise funding from individual investors on its platform. Businesses looking to receive funding pay a $100 preliminary application fee. If MicroVentures approves [...]
Peer-to-Peer Lending Sites Offer Funding for Bootstrapped Startups and Lifestyle Businesses
Are we in a bubble? This is the question that has been plaguing the world of venture capital for the last twelve months. Valuations on A-round startups have risen from $4 million to $6-8 million. Color Labs raised $41 million in its Series-A round of funding alone. Investors placed $6.4 billion across 661 deals during [...]
Funding Circle Raises £2.5 Million in Venture Capital
Funding Circle, a U.K.-based peer-to-peer lending website that provides loans for small businesses, has raised £2.5 million in venture capital in a new round of fund led by Index Ventures. The company was launched in August 2010 and has had more than 4,000 businesses register for its service. The service has had £11.7 million in [...]
CommunityLend Attracts C$1.5 Million in Venture Capital
Toronto-based CommunityLend announced last month that it had closed a new round C$1.5 million of venture capital from private investors. The private-placement investment that CommunityLend received was funded by a number of angel investors and a fund that makes institutional investments. Wildlaw Capital Markets served as an agent for this latest round of venture capital. [...]
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 today, Lending Club has raised a $12 million Series B round led by Morgenthaler Ventures. Rebecca Lynn, a Morgenthaler Principal, will be joining Lending Club’s board of directors. Norwest Venture [...]
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 and Norwest Venture Partners, the same venture capital firms that provided Lending Club’s $10.2 million Series A. From the “Risks related to Lending Club and the Lending [...]
LendingClub Raises $10.2M Series A Round of Venture Capital
On August 23, LendingClub announced that they were about to close a Series A round of venture capital funding for $10.2 million from Norwest Venture Partners and Canaan Partners. This first round of venture capital follows a $2 million round of angel investments to date. Along with the funding, LendingClub announced that Jeff Crowe (Norwest Venture [...]
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed 
Did u actually get the funds, is this a payday loan?