Credible makes series B possible with $10m

Jan 20, 2017 • Robert Lavine

The Orrick-backed online loans marketplace has now secured a total of almost $23m since it was founded in 2012, closing a round led by Regal Funds Management.

Credible, a US-based online loans marketplace backed by law firm Orrick, closed a $10m series B round on Wednesday led by equity manager Regal Funds Management.

The round also featured existing investors including venture capital firm Carthona Capital and Ron Suber, president of peer-to-peer lending platform Prosper Marketplace. It followed a $10m series A in 2015 that included Suber and fellow angel investors Soul Htite and Scott Langmack.

Founded in 2012, Credible operates an online marketplace where users can compare…

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