SoMoLend Receives $1,700,000 Seed Funding Round

  • Feed Type
  • Date
    5/16/2012
  • Company Name
    SoMoLend
  • Mailing Address
    1660 West 2nd Street Cleveland, OH 44113
  • Company Description
    SoMoLend LLC, a company developing a peer-to-peer lending platform for small businesses.
  • Website
    http://www.SoMoLend.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,700,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    The investment will be used to complete an alpha application of the software, create market underwriting standards and develop a broader capitalization plan.
  • M&A Terms
  • Venture Investor
    CincyTech
  • Venture Investor
    Queen City Angels
  • Venture Investor
    North Coast Angel Fund
  • Venture Investor
    Blue Chip Venture Company
  • Venture Investor
    Shaker LaunchHouse
  • Venture Investor
    Eldar Investment
  • Venture Investor
    Clarion Direct Investment

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