Prosper

Prosper has raised $414 million in total equity funding and secured an additional $75 million in conventional debt in November 2022 to support lending operations and liquidity. Founded in 2005, Prosper operates one of the earliest peer-to-peer lending marketplaces, connecting consumer and small business borrowers with individual and institutional investors. Investors such as Sequoia Capital, QED Investors, and Meritech fueled platform development, underwriting improvements, credit infrastructure, and regulatory compliance. Funding also supported loan servicing technology, portfolio management tools, and expanded distribution channels to broaden investor participation in consumer credit markets.