Unicorn Alert: Prosper Marketplace Valued at $1.87B with New Funding
April 10, 2015
Prosper Marketplace, an online marketplace that connects people who want to borrow money with people who want to invest money, has raised $165 million in Series D funding led by Credit Suisse NEXT Investors. The funding comes on the heels of a record quarter for the company, with nearly $600 million in loans originated through its platform, up 200% from the same quarter a year ago. The investment nearly triples Prosper's valuation to $1.87 billion; it previously raised a $70 million Series C round at a valuation of $666 million last May. Additional participants in the new round include BBVA Ventures, Passport Capital and Breyer Capital.