Lending Club Lands $24,500,000 Series C Round

  • Feed Type
  • Date
    4/14/2010
  • 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.
  • Website
    http://www.lendingclub.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $24,500,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Foundation Capital
  • Venture Investor
    Morgenthaler Ventures
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Canaan Partners