Nelnet has invested an undisclosed sum in student loans company CommonBond, as well as agreeing to finance up to $150m in loans each year.
US-based student loans company CommonBond secured an undisclosed amount of equity funding from education finance and services provider Nelnet on Thursday, along with a commitment to finance at least $150m of its annual loan volume.
CommonBond had raised $103m in funding before the latest round, including $3.5m from a seed round in 2012 which consisted of $1m in funding from an unnamed angel investor and $2.5m from unnamed alumni investors to finance loans.
The company then received $100m in series…
