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Lending Club Receives $15 Mil from Kleiner Perkins, Mary Meeker Joins Board

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Peer-to-peer platform Lending Club made two announcements today. First, a $15 million equity investment from Kleiner Perkins Caufield & Byers. It also received $2.5 million from board member John Mack, the former CEO of JPMorgan.

These installments bring Lending Club’s total funding to $100 million and total unrestricted cash to over $45 million.


The company also announced that Mary Meeker (inset), general partner at KPCB, will join its board of directors. Meeker states:

“Lending Club is helping reinvent the consumer lending industry, it’s the kind of opportunity that Kleiner Perkins is interested in and I knew I wanted to be involved.”

Meeker joins Lending Club’s existing board members:

    • Lending Club CEO, Renaud Laplanche 
    • Former Morgan Stanley CEO, John Mack
    • Jeff Crowe of Norwest Venture Partners
    • Daniel Ciporin of Canaan Partners
    • Rebecca Lynn of Morgenthaler Ventures

Lending Club presented at FinovateStartup 2009.