Lendio has completed a $4.5 million Series B round of funding led by Runa Capital. Current investors Tribeca Venture Partners and Highway 12 Ventures also participated. South Jordan, Utah-based Lendio helps companies find business loans.
Salt Lake City, UT (PRWEB) August 28, 2013
Lendio, the online leader* in helping business owners secure financing, announced today they have completed a Series B round of funding for $4.5 million. Runa Capital led the investment and current investors Tribeca Venture Partners and Highway 12 Ventures also participated.
“We’re excited about this investment in Lendio and believe that the small business lending market is significantly underserved,” said Andre Bliznyuk, Partner of Runa Capital. “Lendio has deep relationships with many of the lenders in the space and we’re confident in the team and their strategy. Lendio is and will continue to be instrumental in making the funding available so small businesses can grow, strengthen the economy and create new jobs.”
“Lendio offers a much needed solution to both small business owners and the lenders that fund them,” said Brian Hirsch, Managing Partner at Tribeca Venture Partners. “Brock (CEO of Lendio) and his team have the right vision and a track record of execution. We are very excited about what they are doing to solve the problem of small business lending.”
Lendio is a free online service that helps businesses find the right type of loan within minutes. Lendio works with small business owners and small business lenders across the country to help them connect, providing much needed tools to make the loan process simple on both sides.
“We’re excited to work with Runa Capital and to further our existing relationship with Tribeca Venture Partners and Highway 12 Ventures,” said Blake. “There couldn’t be a better group of investors to join us in our mission of making financing available to Main Street businesses. We’re excited about the future!”
To find out if your business has loan options available, you can visit https://www.lendio.com/sign_up.
Lenders can also learn more by going to http://www.lendio.com/are-you-a-lender/.
Lendio, the #1 small business lending platform*, is an online service that helps businesses find the right business loan within minutes. Lendio makes business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources. Small business owners who complete a Lendio profile are successfully matched to financing options 85 percent of the time. press(at)lendio(dot)com.
*Based on volume of monthly visitors according compete.com
About Runa Capital:
Runa Capital is a $135 million technology-focused venture capital firm whose investments have created or incubated companies with more than $10 billion in assets. Runa focuses on companies that are rapidly growing in the tech sector, with specific focus on marketplaces and financial services.
About Tribeca Venture Partners:
TVP (formerly known as Greenhill SAVP) is an early-stage venture capital firm that partners with world class entrepreneurs in the NYC area leveraging emerging technologies and business models to create and disrupt huge markets.
About Highway 12 Ventures:
Highway 12 Ventures invests in people, not companies. What kind of people? They place on bets on passionate people who are committed to the ideas and principles that drive their businesses. People who don’t know the word “quit,” who aren’t afraid to enter new territory and face unseen challenges. People who seek a different path, a better way, and who are entrepreneurs at heart.