The GV-backed round was closed at a reported $500m valuation, and brings the online lender's total debt and equity financing to just short of $260m.
US-based online lending platform developer LendUp has raised $47.5m in an equity round backed by GV, the corporate venturing subsidiary of internet technology group Alphabet, the Wall Street Journal reported yesterday.
Accelerator Y Combinator led the round through its venture capital fund, YC Continuity, and according to TechCrunch other participants included Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle Impact, Bronze Investments and SV Angel.
The round valued LendUp at about $500m, people familiar with the matter told WSJ,…
