LendingRobot, a Seattle, WA-based automated investment service for online lending, raised approximately $3m in a Series A funding.
The round was led by Runa Capital. In conjunction with the funding, Runa Capital partners Peter Bauert and Andre Bliznyuk will join LendingRobot’s board of directors.
The company intends to use the funds to improve its service and accelerate growth.
Started in 2012 by Emmanuel Marot and Gilad Golan, LendingRobot uses automation software and machine-learning algorithms to allow investors to select and invest in loans after they become available. The service supports more than 40 different filtering criteria for Lending Club (NYCE: LC) and Prosper Marketplace, two of the leading online lending platforms in the U.S., and serves more than 1,000 clients totaling around $15m in assets.
LendingRobot is an S.E.C. Registered Investment Advisor.