Lending Club Nabs $25 Million In New Funding

http://blogs.wsj.com/digits/2011/08/03/lending-club-nabs-25-million-in-new-funding/

Lending Club, the peer-to-peer online loans marketplace, said it has raised a new $25 million round of funding that pegs the start-up at a $275 million post-money valuation, up from $80 million last year.

The new financing, which is Lending Club’s fourth institutional round of funding known in industry lingo as a “series D,” was led by Union Square Ventures. It also includes existing investors such as Morgenthaler Ventures and Norwest Venture Partners, among others.