Tech Company Financing Transactions
Lending Club Funding Round
On 4/17/2014, Lending Club raised $115 million in investment from BlackRock, T. Rowe Price and private investors.
Transaction Overview
Company Name
Announced On
4/17/2014
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$115,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Lending Club has acquired Springstone Financial for about $140 million in cash and stock, the company said this morning.
Company Information
Company Status
Publicly-held
Industry
FinTech
Mailing Address
595 Market St. 200
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Lending Club (NYSE: LC) 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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Scott Sanborn
Chief Financial Officer
Thomas Casey
Chief Technical Officer
Bahman Koohestani
VP - General Counsel
Brandon Pace
VP - Human Resources
Whitney Jones
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