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Prosper Secures an Additional $20 Million in Capital

Comment comment by tomtolman on 20 June 2007

If I could have seen into the future I would have waited a day to post the Prosper article and made it news instead of Coffee Shop. Just this morning, Prosper announced they have secured an additional $20 million in venture capital. This will help them combat the new threats from LendingClub and Zopa. From their press release:

America’s first people-to-people lending marketplace, today announced the closing of a $20 million Series C financing round led by DAG Ventures and Meritech Capital Partners with participation by existing investors: Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network. This financing brings the total amount of capital raised by Prosper to $40 million.

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