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LendingClub Raises $24.5 Million
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Lending Club, the world’s leading peer lending network, announced that they were able to close a $24.5 million investment round. Foundation Capital led the round and was joined by existing investors Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners.
Lending Club captured 79% of the US peer lending market in March 2010 with $8,664,750 in monthly loan originations.
Funding
Funding Total: $24,500,000
| Round | Date | Amount | Pre Amount | Post Amount |
|---|---|---|---|---|
| C | 04/2010 | $24,500,000 | – | – |
| Investors: Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, Canaan Partners | ||||
Founders
- Posted in: Funding
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