Wednesday, June 6, 2012

Lending Club Gets $15M From KPCB

San Francisco-based Lending Club, which provides a peer-to-peer online lending site, said today that it has raised $15M in a new funding round, from Kleiner Perkins Caufield & Byers. The firm said the new funding brings its total raised to $100M. As part of the funding, Mark Meeker of KPCB has joined the company's board. Lending CLub also said that John Mack, chairman emeritus of Morgan Stanley, has also invested $2.5M in equity into the company. Lending Club is led by REnaud Laplanche. More information »