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May 2, 2013 08:00 am GMT
Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google. Google and existing investor Foundation Capital have put $125 million in Lending Club, which was valued at $1.55 billion in the round. As part of this investment Google will take an observer seat on the Lending Club Board alongside existing Board members including Kleiner Perkins' Mary Meeker, ex-chairman and CEO of Morgan Stanley John Mack and former U.S. Treasury Secretary Larry Summers.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-fmhAUSPH9A/
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation
Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google. Google and existing investor Foundation Capital have put $125 million in Lending Club, which was valued at $1.55 billion in the round. As part of this investment Google will take an observer seat on the Lending Club Board alongside existing Board members including Kleiner Perkins' Mary Meeker, ex-chairman and CEO of Morgan Stanley John Mack and former U.S. Treasury Secretary Larry Summers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-fmhAUSPH9A/
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