Monday, April 22, 2013

Upstart Lands $5.9M More

San Francisco-based Upstart, the startup which is letting prospective entrepreneurs raise capital by trading away a portion of their future income for 10 years, said today that it has raised $5.9M in a Series A funding round. The firm said the funding came from Founder's Fund, Khosla Ventures, Collaborative Fund, Eric Schmidt, Marc Benioff, and Scott Banister. Upstart said the funding comes in addition to the $1.75M it raised in April of 2012. Upstart lets new graduates trade their future potential income for upfront capital. More information »