San Francisco-based peer-to-peer lending marketplace SoFi (Social Finance) has raised $80 million in a Series C round led by Discovery Capital Management with participation from Wicklow Capital and Peter Thiel along with previous investors Renren, Baseline Ventures, and DCM. SoFi lowers student interest rates by connecting alumni borrowers and investors for refinancing private and federal student loans. Launched in 2011, SoFi has since funded $450 million in loans for over 5,000 members and will use the new cash to expand its loan offerings to include mortgages and personal loans.
Palo Alto-based investment service Wealthfront has raised a Series C round of $35 million led by Index Ventures and Ribbit Capital with participation from existing investors The Social+Capital Partnership, Greylock Partners, DAG Ventures, and a number of angel investors. Wealthfront provides online financial planning and investment management at affordable prices. Launched in 2011, Wealthfront is now managing $800 million in assets and will use the new funds to further personalize its mobile services, add engineering and design talent, and grow its existing user base.
San Francisco-based image sharing service Imgur has raised $40 million in its first funding round from Andreessen Horowitz with a smaller contribution from Reddit. Imgur provides a fast and easy image sharing service, online and through its mobile apps, and reports over 130 million unique visitors per month. Founded in 2009 and bootstrapped since, Imgur will use the new funds to add content discovery features, upgrade its mobile platforms, and improve ads.
Since the last email, CrunchBase captured more than 58 rounds and $520 million in fundings... and the data keeps rolling in.
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