What is Prosper?
Headquartered in San Francisco, Prosper Marketplace, Inc. operates a sophisticated lending platform that facilitates consumer loans. By connecting borrowers with individual and institutional investors, the company has streamlined the traditional credit origination process. Loans originated through the Prosper marketplace are made by WebBank, a member of the FDIC, ensuring regulatory compliance and operational stability. The company's business model focuses on leveraging data-driven analytics to provide accessible credit solutions, positioning it as a key intermediary in the modern digital finance ecosystem.
How much funding has Prosper raised?
Prosper has raised a total of $751.8M across 14 funding rounds:
Series E
$17.2M
Series F
$8.9M
Private Equity
$20M
Private Equity
$25M
Other Financing Round
$13M
Series G
$50M
Debt
$5M
Other Financing Round
$75M
Other Financing Round
$500M
Series E (2011): $17.2M with participation from Crosslink Capital and Draper Fisher Jurvetson
Series F (2011): $8.9M, investors not publicly disclosed
Private Equity (2013): $20M supported by Atlanticus Holdings Corp., Omidyar Network, Accel Partners, Crosslink Capital, TomorrowVentures, Draper Fisher Jurvetson, Steamboat Ventures, and Volition Capital
Private Equity (2013): $25M featuring Blackrock and Steamboat Ventures
Other Financing Round (2015): $13M backed by Akkadian Ventures and Target Global
Series G (2017): $50M with participation from FinEX Asia
Debt (2020): $5M led by PPP
Other Financing Round (2022): $75M supported by Neuberger Berman
Other Financing Round (2025): $500M featuring Fortress Investment Group
Key Investors in Prosper
Fortress Investment Group
Fortress Investment Group is a global investment management firm specializing in a diverse range of financial services, including hedge funds and private equity, with a focus on cash flow generating businesses.
Neuberger Berman
Neuberger Berman is an independent, employee-controlled asset management company providing a broad range of global investment solutions across equity, fixed income, and alternative asset classes.
FinEX Asia
FinEX Asia is a global asset management firm that provides professional and institutional investors with direct access to high-quality assets worldwide, leveraging core competencies in technology and risk management.
What's next for Prosper?
With the successful closure of this major strategic investment, Prosper is well-positioned to accelerate its growth trajectory and deepen its penetration within the financial services sector. The company is expected to prioritize the enhancement of its digital infrastructure and the expansion of its loan product suite to better serve underserved consumer segments. By maintaining its focus on capital efficiency and risk management, Prosper aims to solidify its status as a market leader, leveraging its robust network of institutional backers to navigate the evolving regulatory and economic environment. Future initiatives will likely center on technological innovation and the optimization of its omnichannel lending platform to maintain a competitive edge in the rapidly digitizing credit market.
See full Prosper company page
