Prosper Marketplace, a US-based peer-to-peer firm, has raised $70m in additional funding that can be used for the company’s growth and expansion.
Out of the total amount, $50m will go to the company and $20m for early investors.
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The funding efforts were led by Francisco Partners, Institutional Venture Partners (IVP), and Phenomen Ventures.
Prosper Marketplace CEO Aaron Vermut said they are pleased to welcome Francisco Partners, IVP, and Phenomen Ventures as equity investors in Prosper Marketplace.
"We have had an incredible year so far, and have grown monthly platform originations from $9 million in January 2013 to over $100 million in April. Last month Prosper crossed $1 billion in total loans originated on the platform, and Prosper plans to hit $2 billion in cumulative loans this year," Vermut added.
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