LendingClub Raises $24.5M In Series C

Lending Club has raised $24.5 million in Series C funding from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, and Canaan Partners.  The company now has a total of $52.7 million in funding.  The additional funding will be used to advance their existing platform which allows lenders and borrowers to avoid the middleman (banks) for investing among peers.  This round of funding will also be used for launching new products, marketing, and improving customer service. [PRNewsWire]

Related posts:

1. Evernote Raises $10 Million In Series B
2. Business Insider Blog Raises About $5 Million In Series C
3. Zoosk Raises $30 Million In Series D Funding
4. Amie Street Raises $3.9 Milllion In Series B Funding
5. I Love Rewards Raises $1.6 Million Extended Series B