Dealstruck, a Carlsbad, CA-based online lender that provides lending solutions for small businesses at every stage of their lifecycle, received another $10m investment.
The backer was Community Investment Management LLC.
The company intends to use the funds to grow its capital available for lending to small businesses to more than $100 million.
Led by Ethan Senturia, CEO, Dealstruck is a lending marketplace that connects small- and medium-sized businesses (SMBs) with credit solutions. Its online lending platform offers multiple products to SMBs and allow investors to choose specific investments.
The company has also appointed Robert Riedl as Head of Capital Markets.