On Deck, a US-based small business loans company, has raised $42m in its series D round, to take its total since launch to $80m, from a consortium including SAP Ventures, the corporate venturing unit of the eponymous Germany-based software provider. Venture capital firm Institutional Venture Partners led the D round as a new investor, and was joined by VC peers RRE Ventures and First Round Capital as well as SAP Ventures.
On Deck said it had now deployed $400m to “thousands of small and medium sized businesses”.
Victory Park Securities acted as financial adviser to On Deck on the D round.
In August, On Deck Capital raised $97m of debt after extending its $15m series C equity round by $4m a year earlier.
US-based investment firm SF Capital Group provided the $4m C round extension and, along with Lighthouse Capital Partners, has provided $17m in venture debt to On Deck.
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