Peer-To-Peer Lending Marketplace Prosper Raises $20M From Sequoia, Eric Schmidt And Others; Brings On New CEO

Prosper.com, a peer-to-peer lending marketplace in the U.S., has raised $20 million in new funding led by Sequoia, with the company’s existing investors, including Draper Fisher Jurvetson and Crosslink Capital, Accel Partners, CompuCredit, Omidyar Network, Eric Schmidt’s TomorrowVentures and Volition Capital, all participating. This brings the company’s total funding to $95 million. Sequoia Capital Partner Pat Grady will join the Prosper Board of Directors.

The company has also appointed Stephan Vermut, founder of Merlin Securities, as CEO and member of the board of directors. He will succeed Dawn Lepore, who had been the interim CEO of Prosper since March 2012.

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