Prosper.com Raises $14.7 Million Series D Round
Prosper.com, provider of peer-to-peer lending marketplace with one million members and over 32,000 funded loans totaling over $194 million, announced that it has raised $14.7 million in a Series D round from 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 $57.7 million to date.
Prosper also announced that Court Coursey, Managing Partner at TomorrowVentures, will join the company's Board of Directors. Prosper's other Board members include, 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.
Prosper is the world's largest peer-to-peer lending marketplace with approximately one million members and over $194 million in loans. Prosper pioneered peer-to-peer lending, which allows people to invest in each other in a way that is socially and financially rewarding. Prosper's auction model provides an open and transparent way to get a personal loan or invest in loans on terms that are favorable to everyone involved in the transaction.
Chief Executive Officer and Co-Founder
Chris Larsen is CEO and Co-founder of Prosper, America's largest peer-to-peer lending marketplace. Mr. Larsen holds an M.B.A. degree from Stanford University and a B.S. degree from San Francisco State University, where he was named the 2004 Alumnus of the Year.
Chief Operating Officer and Chief Financial Officer
He consulted Wells Fargo Bank on the effectiveness of their online marketing programs. Prior to that, Mr. Inglis spent 9 years with Providian Financial Corporation.