Thursday, June 7, 2012

Lending Club Lands $17.5 Million from Kleiner Perkins and Morgan Stanley Chairman John Mack

Screen Shot 2012-06-06 at 11.00.59 AMLending Club, the peer-to-peer lending platform, has received $15 million in new funding from Kleiner Perkins Caufield & Byers. In addition, John Mack, the former CEO of Morgan Stanley who still serves as the investment bank's chairman emeritus, has invested $2.5 million of his own money into the San Francisco-based company.

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