All OnDeck with $77m series E round

Mar 14, 2014 • Katherine Steiner-Dicks

OnDeck, a US-based alternative loan lender to small and medium sized business, has raised $77m in a deal led by Tiger Global Management. Other investors this round included Google Ventures and SAP Ventures.

Alternative lending to US SMEs is becoming big business for OnDeck, a US-based business that offers loans from 3 to 24 months and $5,000 to $250,000 with approvals in minutes and funding in as fast as 24 hours.

The company has recently raised $77m in a series E deal worth $77m. Tiger Global Management led the deal and was joined by existing investors Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital, Industry Ventures and Peter Thiel.…

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