How Much Did Lending Club Raise? Headquarters, Funding & Key Investors

Lending Club has raised $219M in total funding, with major momentum coming from its $65M Series F round in April 2014, backed by Wellington, T. Rowe Price, and BlackRock. This followed a series of earlier venture rounds and a significant $50M conventional debt raise completed the same day, supporting platform expansion and loan origination capabilities. Known as one of the earliest and largest P2P lending marketplaces in the U.S., Lending Club attracted investors such as Union Square Ventures, Morgenthaler, and Sands Capital Ventures while scaling its underwriting models, borrower acquisition, and marketplace liquidity before going public.

How Much Did Lending Club Raise? Funding & Key Investors

Lending Club is a pioneering peer-to-peer lending and digital banking marketplace that connects consumers and small businesses with investors through a technology-driven credit platform. Designed to simplify borrowing and improve capital access, Lending Club offers personal loans, refinancing options, healthcare financing, business loans, and wealth-building solutions. Its model reduces traditional banking overhead, enabling competitive rates while providing investors access to diversified loan portfolios. With sophisticated credit analytics, automated decisioning, and a customer-centric experience, Lending Club has evolved into a trusted financial platform serving millions and reshaping alternative lending in the United States.

What Is Lending Club and What Does It Do?

Lending Club, founded in 2006 in San Francisco, United States, is a technology-driven peer-to-peer marketplace for consumer and business loans that streamlines borrowing through digital processes. Unlike traditional banks, Lending Club connects borrowers directly with institutional and individual lenders to reduce friction, improve speed, and offer favorable rates. The company employs 1,194 people, enabling nationwide operations and servicing infrastructure.

Its platform offers personal loans, debt consolidation tools, healthcare financing, small-business lending, refinancing solutions, and credit assessment capabilities. With end-to-end digital onboarding, risk scoring, and investor diversification, Lending Club has become a key player in alternative lending and financial inclusion.

How Much Funding Has Lending Club Raised?

1. Series F

Amount Raised: $65M
Date: April 17, 2014
Lead Investors: T. Rowe Price, Wellington, BlackRock
Motivation: To scale loan originations, enhance underwriting models, and fast-track marketplace expansion.

2. Conventional Debt

Amount Raised: $50M
Date: April 17, 2014
Motivation: Support balance-sheet growth and strengthen lending liquidity.

Total Funding Raised: $219M

Latest Funding Date: October 2016

Key Investors

1. T. Rowe Price

Details: Global asset management firm investing in growth-stage companies across sectors.
Investment Focus Areas: Fintech, cloud software, consumer tech, healthcare.
Notable Investments: Google, Tesla, Coinbase, Zoom, UiPath.

2. Wellington Management

Details: One of the world’s largest independent investment management firms.
Investment Focus Areas: Financial services, enterprise technologies, biotech, energy.
Notable Investments: Snowflake, Stripe, Moderna, Databricks, Airbnb.

3. BlackRock

Details: The world’s largest asset manager with diversified global portfolios.
Investment Focus Areas: Fintech, enterprise software, infrastructure, AI.
Notable Investments: Byju’s, Rivian, Nubank, Fiserv, Klarna.

4. Sands Capital Ventures

Details: Growth-equity investor focused on high-impact tech and financial innovation.
Investment Focus Areas: Fintech, biotech, SaaS, consumer internet.
Notable Investments: Amazon, Nvidia, Sea Group, Shopify, DoorDash.

5. Union Square Ventures

Details: Early-stage VC known for backing category-defining internet and software companies.
Investment Focus Areas: Marketplaces, crypto, consumer platforms, SaaS.
Notable Investments: Twitter, Coinbase, Etsy, Duolingo, Cloudflare.

Where Is Lending Club’s Headquarters?

Lending Club is headquartered in San Francisco, California, a global hub for fintech innovation, regulatory collaboration, and data-driven financial product development. Its location provides access to deep talent pools in engineering, analytics, and risk modeling, enabling the company to continually advance its credit assessment tools, digital lending infrastructure, and enterprise partnerships.

What’s Next for Lending Club?

Lending Club aims to strengthen its digital banking ecosystem by expanding loan products, increasing automation, and improving yield predictability for its investors. The company is investing in AI-powered credit models, enhanced borrower onboarding, and integrated savings and investment tools.

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