SoMoLend Holdings has been seeded with $2.18 million from a slew of investors. Leading the round was CincyTech Ventures, with participation from QED Investors, Queen City Angels, the North Coast Angel Fund, Blue Chip Venture, Shaker LaunchHouse, Eldar Investment, Clarion Direct Investment, and a host of angels. SoMoLend is a Cincinnati- based provider of a peer-to-peer lending platform for small businesses. According to a press release, the financing will be used “to further enhance the software platform, including the addition of social networking features, as well as expand marketing and customer acquisition efforts and develop fund-raising tools and education programs.”
