Wednesday, June 20, 2007

Prosper secures an additional $20 million in capital

Rateladder broke the news last night based on a tip from Prosper Nights SF - Prosper secured an additional $20 Million in Venture Capital. It was confirmed this morning with a press release. Rateladder quotes someone, not sure who, as saying, “We weren’t looking to raise money, but it is a good market to raise funds right now.” According to the press release, this $20 million was led by DAG Ventures and Meritech Capital Partners and included current investors - Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network. This brings the total capital raised to $40 million. They had to figure out somehow to pay all those referral fees, right? Chris Larsen, Co-founder and Chief Executive Officer of Prosper said, “This latest round of financing provides us with considerable resources toward maintaining our leadership position and continuing to rapidly grow the Prosper marketplace.”

Update: Rateladder updated his post (and added a comment here). The quote above is from Chris Larsen, Prosper CEO. Also, see TechCrunch's coverage here.