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Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=da0f5e13-3967-4d5d-a905-eec272c8489d&Preview=1
Date
5/16/2012
Company Name
SoMoLend
Mailing Address
1660 West 2nd Street Cleveland, OH 44113
Company Description
SoMoLend LLC, a company developing a peer-to-peer lending platform for small businesses.
Website
http://www.SoMoLend.com
Transaction Type
Venture Equity
Transaction Amount
$1,700,000
Transaction Round
Seed
Proceeds Purposes
The investment will be used to complete an alpha application of the software, create market underwriting standards and develop a broader capitalization plan.
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