dv01, a NYC-based data management, reporting, and analytics platform that offers institutional investors insight into lending markets, closed a $5.5M Series A funding.
The round was led by OCA Ventures with participation from Ribbit Capital, Illuminate Financial, and CreditEase Fintech Investment Fund and existing investors Leucadia National Corporation and Pivot Investment Partners. In conjunction with the funding, OCA advisor Jack Lavin has joined dv01’s board, and will work alongside existing board members from Jefferies LLC, a subsidiary of Leucadia National Corporation, and Quantum Strategic Partners Ltd., a private investment vehicle managed by Soros Fund Management LLC.
The company intends to use the funds to enhance its analytics solutions—adding cashflows, benchmarking, and holistic borrower analysis through its partnership with Experian, expand its data management, portfolio surveillance, and securitization offering into additional asset classes, including mortgages and auto.
Led by Perry Rahbar, founder and CEO, dv01 has provided data management, reporting, and portfolio surveillance services to over 150 financial institutions, offering insight into $10 billion of securitizations and more than $64 billion of online loans from originators including Lending Club, Prosper, CommonBond, SoFi, Avant, and Marlette.