SoMoLend Receives $1,700,000 Seed Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=da0f5e13-3967-4d5d-a905-eec272c8489d&Preview=1 -
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
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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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