# Prosper Funding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prosper-funding

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.prosper.com
- Total disclosed funding: $336M
- Latest round: Series D (Apr 7, 2015)
- Investors on record: 26

## About

Based in the US, Prosper Funding LLC specializes in personal loans and other financial services, operating as a peer-to-peer lending marketplace that connects borrowers with individual investors.Prosper Funding LLC, founded in 2005 and headquartered in San Francisco, US, is a peer-to-peer lending marketplace that has facilitated over USD 28 billion in loans. The company was co-founded by Fahim Kandiyil, Laurence Lam, and Omar Mossadek, with David Kimball currently serving as CEO. Prosper has successfully navigated its business strategy, raising USD 50.00 mn in funding over several rounds, the latest being a Venture Debt round of USD 75.00 mn from Neuberger Berman in November 2022.Prosper offers a diverse range of financial solutions aimed at improving consumers' financial well-being. Key products include fixed-rate personal loans, credit cards, home equity lines of credit (HELOCs), and home equity loans (HELoans). These products assist individuals in consolidating debt, financing home improvements, managing healthcare costs, or investing in personal loans, serving a wide demographic in the United States.In 2024, Prosper reported a revenue of USD 179.07 mn, while its EBITDA for 2021 was USD 67.64 mn. Revenue is primarily generated through interest on loans and associated fees, with personal loans typically ranging from USD 2,000 to USD 50,000, providing a steady income stream from borrowers and enabling investment opportunities for individuals.In November 2022, Prosper Funding LLC raised USD 75.00 mn in Venture Debt funding to advance its product development and expand its market presence. The company plans to launch new financial products and strategically enter new geographical markets, with specific targets to be defined as initiatives progress. Funding will support these developmental efforts, enhancing the company's overall service offerings.

## Funding rounds

- Series D, Apr 7, 2015, $165M — Neuberger Berman - Fund of Funds and Secondary, Truist Wealth, JP Morgan Asset Management, Evercore Private Funds Group, Passport Capital, USAA, Propel, Breyer Capital, EG Capital Advisors, NEXT Investors
- Series C, May 15, 2014, $70M — Francisco Partners, Institutional Venture Partners, Phenomen Ventures
- Series A, Jan 15, 2013, $20M — Accel, Draper Fisher Jurvetson, Hong Shan, Crosslink Capital, Volition Capital, TomorrowVentures, Atlanticus Holdings Corporation, Omidyar Network
- Series F, Nov 3, 2011, $9M — Accel, Draper Fisher Jurvetson, Crosslink Capital, Volition Capital, TomorrowVentures
- Series E, Jun 3, 2011, $17M — Accel, Draper Fisher Jurvetson, Crosslink Capital, Volition Capital, TomorrowVentures, Atlanticus Holdings Corporation, Omidyar Network
- Series D, Apr 15, 2010, $15M — Accel, Benchmark, Meritech Capital Partners, DAG Ventures, Volition Capital, TomorrowVentures, QED Investors, Atlanticus Holdings Corporation, Omidyar Network
- Series C, Jun 25, 2007, $20M — Accel, Benchmark, Meritech Capital Partners, DAG Ventures, Volition Capital, Omidyar Network
- Series B, Jul 10, 2006, $0.5M — Accel, Benchmark, Fidelity Investments, Omidyar Network
- Series B, Feb 22, 2006, $12M — Accel, Benchmark, Volition Capital, Omidyar Network
- Series A, Apr 1, 2005, $7.5M — Accel, Benchmark

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D, Series E, Series F
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C, Series D
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series B, Series C, Series D, Series E, Series F, Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B, Series C, Series D, Series E, Series A
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series C, Series D
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C, Series D
- TomorrowVentures (https://capitalatlas.ai/funds/tomorrowventures) — Series D, Series E, Series F, Series A
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series D
- Atlanticus Holdings Corporation — Series D, Series E, Series A
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series E, Series F, Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series E, Series F, Series A
- Hong Shan — Series A
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series C
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C
- Phenomen Ventures (https://capitalatlas.ai/funds/phenomen-ventures) — Series C
- Neuberger Berman - Fund of Funds and Secondary (https://capitalatlas.ai/funds/neuberger-berman-fund-of-funds-and-secondary) — Series D
- Truist Wealth — Series D
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series D
- Evercore Private Funds Group — Series D
- Passport Capital — Series D
- USAA — Series D
- Propel (https://capitalatlas.ai/funds/propel) — Series D
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series D
- EG Capital Advisors (https://capitalatlas.ai/funds/eg-capital-advisors) — Series D
- NEXT Investors (https://capitalatlas.ai/funds/next-investors) — Series D