On Deck Nabs $42 Million To Serve As Online Lender For Local Businesses

By  |  February 13, 2013
 | 

On Deck, a New York-based company that provides local businesses with short-term loans, has raised $42 million in a fourth round of capital funding.

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    Institutional Venture Partners led the round, with existing backers RRE Ventures, SAP Ventures and First Round Capital also joining in, according to TechCrunch. The company has now raised more than $75 million in equity and says it will use the capital for additional growth.

    Read the full story here.


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