Prosper.com, a social lending marketplace that brings together creditworthy borrowers with individual and institutional investors, today announced that it has raised over $17 million in funding from new investors Draper Fisher Jurvetson and Crosslink Capital. Existing investors Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures, and Volition Capital also participated in the round.
Tim Draper, founder and managing director of Draper Fisher Jurvetson, and Jerome Contro, general partner and COO of Crosslink Capital, will join the company’s Board of Directors.
Prosper Marketplace Inc. is a peer-to-peer lending marketplace with over one million members and more than $236 million in funded loans. Prosper allows people to invest in each other in a way that is financially and socially rewarding.
Borrowers list loan requests between $2,000 and $25,000 with loan terms of 1, 3, or 5 years. Individual and institutional investors invest in minimum increments of $25 on loan listings they select.
