Friday, August 21, 2015

SoFi Raises $1B More, Valued At $4 Billion

San Francisco-based SoFi, the student loan financing startup, has raised $1 billion more, according to reports, which value the company at roughly $4 billion. The funding is reportely being led by SoftBank Group. The WSJ cited documents and a person familiar with the funding for the details. Social Finance has previously raised capital from Baseline Ventures, DCM-Doll Capital Management, Discover Financial Services, Institutional Venture Partners, Renren, Third Point Ventures, Wellington Capital Management, Wicklow Capital, and Peter Thiel. More information »