LendingClub Raises $24.5 Million

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Lending Club

C Round: $24,500,000

Founded: 2006
Industry: Community

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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 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

See all fundings here


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