Tech Company Financing Transactions

Lending Club Funding Round

On 12/31/2008, Lending Club raised $5.4 million in funding from Canaan Partners, Norwest Venture Partners and private investors.

Transaction Overview

Company Name
Announced On
12/31/2008
Transaction Type
Venture Equity
Amount
$5,414,000
Round
Undisclosed
Investors

Canaan Partners (Daniel Ciporin)

Norwest Venture Partners (Jeffrey Crowe)

Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Publicly-held
Industry
FinTech
Mailing Address
595 Market St. 200
San Francisco, CA 94105
USA
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
Lending Club LinkedIn Company Profile
Social Media
Lending Club Company Twitter Account
Company News
Lending Club News
Facebook
Lending Club on Facebook
YouTube
Lending Club on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Scott Sanborn
  Scott Sanborn LinkedIn Profile  Scott Sanborn Twitter Account  Scott Sanborn News  Scott Sanborn on Facebook
Chief Financial Officer
Thomas Casey
  Thomas Casey LinkedIn Profile  Thomas Casey Twitter Account  Thomas Casey News  Thomas Casey on Facebook
Chief Technical Officer
Bahman Koohestani
  Bahman Koohestani LinkedIn Profile  Bahman Koohestani Twitter Account  Bahman Koohestani News  Bahman Koohestani on Facebook
VP - General Counsel
Brandon Pace
  Brandon Pace LinkedIn Profile  Brandon Pace Twitter Account  Brandon Pace News  Brandon Pace on Facebook
VP - Human Resources
Whitney Jones
  Whitney Jones LinkedIn Profile  Whitney Jones Twitter Account  Whitney Jones News  Whitney Jones on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/31/2008: CaloSyn Pharma venture capital transaction
Next: 12/31/2008: Coherex Medical venture capital transaction

 

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