Raises $14.7M in Series D Financing

As FinSMEs anticipated earlier this, the peer-to-peer lending marketplace has raised $14.7m in a Series D funding
The round include new investors TomorrowVentures, LLC and CompuCredit Holdings Corporation (NASDAQ: CCRT) and existing investors Accel Partners, Benchmark Capital, DAG Ventures, Meritech Capital Partners, Omidyar Network, QED Investors, and Volition Capital (formerly Fidelity Ventures)
Including this latest round of financing, Prosper has raised a total of $57.7m to date.
In conjuntion with the funding, Court Coursey, Managing Partner at TomorrowVentures, will join the company’s board of directors, which already includes Jim Breyer of Accel Partners, Larry Cheng of Volition Capital, Bob Kagle of Benchmark Capital, and Capital One Co-founder Nigel Morris of QED Investors.
Commenting on the round, Chris Larsen, Chief Executive Officer and co-founder of Prosper, was quoted as saying: “This latest round of financing strengthens our leadership position and our charge toward continuing to pave the way for bringing the benefits of a third way of banking – peer-to-peer lending – into the mainstream”.

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