Social Lending Marketplace Prosper Raises $17.2M From Eric Schmidt, DFJ, Others
Prosper.com, a social lending marketplace that connects borrowers with individual and institutional investors, this morning announced that it has raised $17.2 million in funding from new investors Draper Fisher Jurvetson and Crosslink Capital.
Existing investors Accel Partners, CompuCredit, Omidyar Network, Eric Schmidt’s TomorrowVentures and Volition Capital also participated in the round.
Prosper also announced that Tim Draper, founder and managing director of DFJ, and Jerome Contro, general partner and COO of Crosslink Capital, will join the company’s board of directors.
According to its website, Prosper’s peer-to-peer lending marketplace currently boasts more than 1,080,000 members and over $236,000,000 in funded loans.
Prosper has raised close to $75 million to date. Its closest competitor, Lending Club, has secured $52.7 million in venture capital.
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