28 August 2016
Find out more

Prosper raises $17m

07 June 2011  |  5146 views  |  0 mouse

American peer-to-peer loan marketplace Prosper has raised $17.2 million in funding.

Prosper's funding round has been led by new investors Draper Fisher Jurvetson and Crosslink Capital who were joined by existing participants Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures and Volition Capital.

Draper Fisher Jurvetson founder Tim Draper and Jerome Contro, general partner and COO of Crosslink Capital, will also join the company's board.

Chris Larsen, CEO, Prosper, says: "With this round of financing, we will continue to accelerate our monthly growth rate to provide even more Americans with an efficient, innovative and social way to obtain and invest in loans for consumers and small business."

Prosper has raised $74.85 million in funding since its launch in 2006 and claims over one million members and more than $236 million in funded loans.

It's primary rival LendingClub has so far secured a total of £52.7 million in VC funding.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Prosper closes in on series d funding

Prosper closes in on series d funding

01 April 2010  |  6739 views  |  0 comments
Prosper raises $1 million in debt financing

Prosper raises $1 million in debt financing

11 November 2009  |  5800 views  |  0 comments
Prosper resumes lending, again

Prosper resumes lending, again

14 July 2009  |  4871 views  |  0 comments
Prosper shuts down again

Prosper shuts down again

13 May 2009  |  5711 views  |  0 comments
Prosper resumes lending; opens market to financial institutions

Prosper resumes lending; opens market to financial institutions

28 April 2009  |  6335 views  |  0 comments
Lending Club raises $12m funding

Lending Club raises $12m funding

19 March 2009  |  5728 views  |  0 comments
Prosper pays $1 million to settle securities violation

Prosper pays $1 million to settle securities violation

02 December 2008  |  6642 views  |  0 comments
Prosper stops taking new loans

Prosper stops taking new loans

17 October 2008  |  6493 views  |  0 comments
Lending Club shuts down P2P loans

Lending Club shuts down P2P loans

14 April 2008  |  8762 views  |  0 comments
Lending Club moves out of Facebook with new community site

Lending Club moves out of Facebook with new community site

14 September 2007  |  7587 views  |  0 comments
Prosper raises $20m in series c financing

Prosper raises $20m in series c financing

20 June 2007  |  6380 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit equens.com

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
8034 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7700 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6685 views comments | 17 tweets | 21 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
6145 views comments | 16 tweets | 18 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6139 views comments | 14 tweets | 14 linkedin

Featured job

Find your next job