What is Prosper?
Prosper Marketplace, Inc., founded in 2005 and headquartered in San Francisco, operates a prominent lending platform. As a subsidiary of Prosper Marketplace, Inc., the loans originated through its marketplace are facilitated by WebBank, a member FDIC. The company has a history of attracting substantial investment, indicating its role as a key player in the fintech landscape. Its operations are centered around connecting borrowers with investors through its digital platform.
How much funding has Prosper raised?
Prosper has raised a total of $751.8M across 14 funding rounds:
Series E
$17.2M
Series F
$8.9M
Private Equity
$20M
Private Equity
$25M
Other Financing Round
$13M
Series G
$50M
Debt
$5M
Other Financing Round
$75M
Other Financing Round
$500M
Series E (2011): $17.2M with participation from Draper Fisher Jurvetson and Crosslink Capital
Series F (2011): $8.9M, investors not publicly disclosed
Private Equity (2013): $20M supported by Omidyar Network, Atlanticus Holdings Corp., Draper Fisher Jurvetson, TomorrowVentures, Volition Capital, Crosslink Capital, Accel Partners, and Steamboat Ventures
Private Equity (2013): $25M featuring Steamboat Ventures and Blackrock
Other Financing Round (2015): $13M backed by Akkadian Ventures and Target Global
Series G (2017): $50M with participation from FinEX Asia
Debt (2020): $5M led by PPP
Other Financing Round (2022): $75M supported by Neuberger Berman
Other Financing Round (2025): $500M featuring Fortress Investment Group
Key Investors in Prosper
Fortress Investment Group
Fortress Investment Group is a global investment management firm specializing in diverse financial services, including hedge funds, real estate funds, and private equity funds. They focus on control-oriented investments in cash flow generating businesses across various sectors.
Neuberger Berman
Neuberger Berman Group LLC is an independent asset management company providing global investment solutions across equity, fixed income, and alternatives to institutions and individuals. They are known for their broad range of investment products and services.
FinEX Asia
FinEX Asia is a global asset management firm offering professional and institutional investors direct access to high-quality assets worldwide. They leverage technology, risk management, and global networks to achieve superior returns and simplify asset management.
What's next for Prosper?
With the recent influx of capital, Prosper is poised for further expansion and innovation. The 'major strategic investment' suggests a focus on enhancing its platform capabilities, potentially exploring new market segments, or strengthening its competitive advantage. The company's trajectory, marked by consistent funding rounds since its inception, points towards a strategy of scaling operations and solidifying its market leadership in the peer-to-peer lending and broader fintech industry. Future developments will likely involve leveraging this capital to drive technological advancements and broaden its service offerings.
See full Prosper company page
