# LoanStreet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loanstreet-2

- Industry: Software
- Headquarters: New York, US
- Website: www.loan-street.com
- Total disclosed funding: $34M
- Latest round: Series B (Aug 2, 2021)
- Investors on record: 12

## About

LoanStreet LLC operates a loan sharing platform that enhances transparency and efficiency in the loan market, facilitating the trading of loan participations for banks and credit unions.LoanStreet LLC, founded in 2013, is headquartered in New York, US, and specializes in facilitating loan participation transactions. The firm has executed four deals since its inception, with the most recent deal occurring on August 2, 2021. In February 2021, LoanStreet secured USD 25.00 mn in Series B funding led by Portage Ventures, with participation from several investors, including Arbor Ventures and Coastal Financial Services. The company is led by Ian Lampl, who also serves as the CEO.LoanStreet offers a comprehensive loan sharing platform that facilitates the buying and selling of loan participations, enhancing transparency and efficiency in the loan market. The platform serves over 1,300 credit unions, banks, and alternative lenders, allowing them to streamline investor reporting and analyze portfolio performance. It addresses key liquidity and risk management challenges for both institutional investors and financial institutions, primarily within the United States, with future plans for international expansion.LoanStreet generates revenue through its loan sharing platform by providing transactional services to banks, credit unions, and other financial institutions. The revenue model includes fees associated with loan participations and may involve subscription-based services or fees tied to specific loan agreements. While specific pricing plans are not disclosed, the consistent demand for its solutions is evident from its established client base.Following the Series B funding round in February 2021, LoanStreet plans to accelerate the adoption of its platform for trading and reporting on loans. The company aims to enhance its loan analytics offerings and develop a next-generation commercial loan servicing solution. With this funding, LoanStreet is positioned to expand into new markets, targeting both domestic and international clients as its platform capabilities grow.

## Funding rounds

- Series B, Aug 2, 2021, $25M — Coastal Financial Services, Arbor Ventures, Sterling Bancorp, Third Prime Capital, Portage Ventures, Curql, SilverCircle
- Series A, Nov 29, 2018, $6.5M — Rosecliff Ventures, Valar, Third Prime Capital, Ride Ventures, The Gramercy Fund
- Seed, Dec 20, 2016, $2.5M — SF Capital Group, Third Prime Capital, Ride Ventures, The Gramercy Fund

## Investors

- SF Capital Group — Seed
- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Seed, Series A, Series B
- Ride Ventures — Seed, Series A
- The Gramercy Fund (https://capitalatlas.ai/funds/the-gramercy-fund) — Seed, Series A
- Rosecliff Ventures (https://capitalatlas.ai/funds/rosecliff-ventures) — Series A
- Valar (https://capitalatlas.ai/funds/valar) — Series A
- Coastal Financial Services — Series B
- Arbor Ventures (https://capitalatlas.ai/funds/arbor-ventures) — Series B
- Sterling Bancorp — Series B
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series B
- Curql (https://capitalatlas.ai/funds/curql) — Series B
- SilverCircle (https://capitalatlas.ai/funds/silvercircle) — Series B