Prosper Raises $165M in Series H

Prosper has successfully raised $165M in a Series H at a $1.9B valuation led by Francisco Partners.

Company Overview

Prosper is a Fintech company headquartered in San Francisco, CA, founded in 2005 with 300+ employees.

P2P lending marketplace

Fundraising Details

• Amount Raised: $165M
• Round Type: Series H
• Valuation: $1.9B
• Date: 2024-06-24
• Investors: Francisco Partners

About Prosper

P2P lending marketplace The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2005
• Team Size: 300+
• Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in Prosper's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Prosper's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.9B valuation marks an important milestone for Prosper, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, Prosper is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-24. For more information about Prosper, visit their headquarters at San Francisco, CA.