Another marketplace lender joins the unicorn club. Prosper's round was led by many of the banks, including Credit Suisse NEXT Investors, JPMorgan Chase, SunTrust Banks, USAA and BBVA Ventures. the company pulled in $80 million in revenue on $1.6 billion in loan originations last year. And this year, the company believes it is on track to more than double its revenue, to $180 millio
To keep propelling its growth, Prosper Marketplace is turning to a new round of investors Prosper, an online loan marketplace, plans to announce on Thursday that it has raised $165 million in new financing. That values the company at $1.7 billion, excluding the new investment, putting it within Silicon Valley’s much-coveted “unicorn” club of start-ups with valuations of over $1 billion. The investment was led by Credit Suisse NEXT Investors, an arm of the Swiss bank, and was joined by other banks like JPMorgan Chase, SunTrust Banks, USAA and BBVA Ventures. “They represent really strategic investors for us in the long term,” Aaron Vermut, Prosper’s chief executive, told DealBook in a telephone interview. “In the past, our investor makeup was primarily venture capital and private equity, so branching out into strategic investors is new for us and very exciting.”
