Comcast Ventures co-led a round that boosted the total raised by the small business loans marketplace to more than $50m.
Lendio, the US-based operator of an online marketplace for small business loans, secured $20m yesterday in a round co-led by Comcast Ventures, mass media group Comcast’s corporate venturing arm.
Venture capital fund Stereo Capital co-led the round, which included Napier Park Global Capital, Blumberg Capital, Tribeca Venture Partners and North Hill Ventures.
Lendio’s online platform helps small and medium-sized businesses find financing, and it was responsible for $63m in loans in Q3 2016. It will put the funding towards sales…
