Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d2f9a775-fb45-49bd-9326-07b171d553ed&Preview=1
Date 9/9/2011
Company Name Lending Club
Mailing Address 370 Convention Way Redwood City, CA 94063
Company Description Lending Club is an online lending community where people can borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money more easily and at a better rate than they would get from a bank, or invest in a pool of loans at higher rates than those served by savings accounts or CDs.
Proceeds Purposes The investment is a part of a strategic relationship that will invest in the two highest grades of 36 month consumer loans originated through the Lending Club platform.