SCOOP! Prosper receives Additional 20MM in Venture Capital

RateLadder was in attendance at Prosper Nights SF this evening. In addition to meeting many great lenders, RateLadder obtained a scoop. Made public here and only here (until it is released tomorrow to the newswire.)

Prosper The leading P2P lending marketplace receives an additional 20MM in capital.

“We weren’t looking to raise money, but it is a good market to raise funds right now.”

No mention of the participants (edit: Series C Financing led by DAG Ventures and Meritech Capital Partners), but word is it was a “favorable valuation.”

Comments were by Prosper CEO Chris Larsen during a Q&A session. I didn’t want to quote until after the press release…

Blog Traffic Exchange Related Posts
  • blog traffic exchangeGlobeFunder Hires James von Kreuter as EVP, Business Development and Managing Director, Capital Markets. Kalamazoo, MI. - September 11, 2007 – GlobeFunder, an online microlending marketplace, is happy to announce the hiring of James von Kreuter as Executive Vice President, Business Development and Managing Director, Capital Markets. “Jim brings a high level of expertise to GlobeFunder through his experience with institutional financial service clients.......
  • Display your Prosper Listing on Your MySpace Page Now you can display your Listing on your MySpace Page. Or your blog, or website... The possibilities are endless. Here is a random listing on Prosper. $25 Bonus For New Lenders How to Use Prosper Listing Widget for MySpace, Blog, Website, or Other Here is a link to my MySpace......
  • blog traffic exchangeProsper in Japan and Other Asian Countries Prosper and SBI Holdings to Establish Prosper in Japan and Other Asian Countries San Francisco – August 6, 2007 – Prosper (www.prosper.com), America’s first people-to-people lending marketplace, and SBI Holdings, Inc., a holding company for SBI Group, the financial innovation leader of Japan, today announced an agreement to form a......
  • blog traffic exchangePlease Close Major Loophole for Deadbeat Lender/Group Leaders There has been a minor uproar on the forums over deadbeat lenders/group leaders.  That is to say, Prosper.com members that are lenders and borrowers with late payments on the loan given to them.  The consensus seems to be that Prosper should be impounding the loan payments they are receiving in......
  • blog traffic exchangeProsper.com and Quicken -- The workable solution for playmates that don't get along. Prosper.com and Quicken (or Money) do not play nicely.  In fact, they can be downright burdensome to make them bridge the gap.  Here I present my workable solution, but this should be addressed by Quicken, Money, and Prosper.com   The heart of the problem is that Quicken doesn't understand the Prosper.com model...  Sure......
Blog Traffic Exchange Related Websites
  • blog traffic exchangeBank results week: Goldman Sachs makes 51% Margin Goldman Sachs spent $16b on compensation in 2009 or just 35.8% of revenue to record the lowest compensation pay out on the street. Investment Banks like JP Morgan still target paying 40-5% going forward. Thus isn the Q4 ending December '09, Lloyd Blankfein's team earned a record $4.95 billion riding......
  • blog traffic exchangeProsper and high-risk loans Jonathan over at My Money Blog posted on the possibility that returns on Prosper.com will drop as defaults increase.  (Prosper.com is a site that facilitates person-to-person lending, giving borrowers a competitive rate by pitting lenders against each other auction-style.)Up until a couple of months ago my loans were performing well,......
  • hikecesarchavezHike of the Cesar Chavez and North Waterfront Park in Berkeley Summary: This is a 1.7 mile loop hike that traces along the bay at Cesar Chavez and the North Waterfront Park in Berkeley. The total elevation change here is imperceptible. Location: This hike is located in Alameda County in the City of Berkeley at the North Waterfront Park. The......
  • blog traffic exchangeWii News : The Top 10 Places To Find The Latest Nintendo Wii News It's getting closer and online the net is buzzing with discussion, rumours, and slanging matches surrounding the upcoming release of the Nintendo Wii. With several stories having been released and almost immediately contradicted and system tweaks changing seemingly every week, where can you find a reliable source of the latest......
  • blog traffic exchangeKeeping your Prosper.com money working Several people responded to my post on a Prosper.com vs ING return, in which I pitted a 4.25% online savings account return against lending the same amount at 8% on Prosper.com. The 4.25% online savings account outperformed the 8% loan over three years, because the interest in the savings account......
Online Stores If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

News, Prosper.com



Tags:

,



Useful Info:
If you are bankrupt then you need advice on obtaining bankrupt loans to pay your debts. Instead of obtaining a secured loan from the bank, search for other types of loans. The bad credit loans could give you the debt relief you need. For other services like money transfer, send money within minutes through online banking. Your banks can provide free insurance quotes form their advertisers. Check online for free insurance quotes right now. Selling insurance could be a great home based business.
1 comment so far ↓
#1 Tom on 06.20.07 at 1:30 am

Nice scoop! Who is the quote from? I’ll be watching the news tomorrow.

Leave a Comment

aa algorithm axis azerbaijan banks benefit blog borrowers ceo Collections credit grade credit history credit information credit score curves doug fuller email friends and family good luck google income borrowers interest rate interest rates investments launch lenders lending institutions liquidity loans marketplace money mozambique peer to peer lending portfolio plan private data promissory notes quiet period registration statement risk securities and exchange securities and exchange commission spreadsheets sql student loans Zopa