Prosper Marketplace Inc. said Friday that it raised $14.7 million in venture capital funding from two new investors and several previous financial backers.
The San Francisco company, which facilitates peer-to-peer loans for automobiles, education, businesses and other purposes, has raised $57.7 million in funding in all.
The round announced Friday included first-time Prosper investors TomorrowVentures LLC and CompuCredit Holdings Corp. Prior backers Accel Partners, Benchmark Capital, DAG Ventures, Meritech Capital Partners, Omidyar Network, QED Investors and Volition Capital also participated.
Prosper has funded more than 32,000 loans worth more than $194 million.
"This latest round of financing strengthens our leadership position and our charge toward continuing to pave the way for bringing the benefits of a third way of banking — peer-to-peer lending — into the mainstream," Prosper's co-founder and chief executive Chris Larsen said in a press release.
Lending Club Corp., a rival person-to-person lender in Redwood City, Calif., said Wednesday that it raised $24.5 million in venture funding from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners.