Borro, a New York-based “lending marketplace for luxury personal assets,” has appointed Nigel Morris as chairman of its board. Morris cofounded Capital One and is currently the managing partner of QED Investors, an investment fund in Alexandria, Va.
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Borro, which operates a secured asset lending site, has raised $26 million in a funding round led by Canaan Partners and including Ribbit Capital. The company, which was launched in London four years ago and has operated out of New York since January, previously raised about $20 million from European investors. As part of the funding, Canaan General Partner Dan Ciporin has joined the board.