Prosper project received $ 13 million investment from Target Ventures fund
Russian venture fund Target Ventures made its first investment in the United States. So, the fund invested $ 13 million in Prosper p2p platform. At the same time, the fund acquired the shares by carrying out several secondary deals, writes Rusbase. Mikhail Lobanov, co-founder and managing partner of the Target Ventures fund, reported on the deal.
Prosper is one of the leaders in the US p2p lending market. In March of this year, the turnover of the service amounted to about $ 200 million. The p2p lending market in the USA itself is constantly growing, by about 77.5% per year, starting in 2009. The total amount of loans issued by these services in 2014 in the United States amounted to more than $ 6.6 billion.
In addition to investments, the fund also announced the opening of an office in San Francisco. The company intends to invest in rounds B, C and above (we are talking about amounts from $ 1 million to $ 30 million).
“The Russian market is simply not big enough. In addition, there are too few companies in Russia that could become buyers of start-ups, ”said Mikhail Lobanov.
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Andrey Kazakov, who previously managed Foresight Ventures, will manage the fund in the United States.
The fund is going to expand its presence in Europe, particularly in Germany. Now Target Ventures is already operating in Europe, and the fund’s portfolio includes the Delivery Hero delivery service. Last year, the fund left the German project Fyber, while the yield was 200%.
The total capital of the fund is $ 300 million.
Prosper is one of the leaders in the US p2p lending market. In March of this year, the turnover of the service amounted to about $ 200 million. The p2p lending market in the USA itself is constantly growing, by about 77.5% per year, starting in 2009. The total amount of loans issued by these services in 2014 in the United States amounted to more than $ 6.6 billion.
In addition to investments, the fund also announced the opening of an office in San Francisco. The company intends to invest in rounds B, C and above (we are talking about amounts from $ 1 million to $ 30 million).
“The Russian market is simply not big enough. In addition, there are too few companies in Russia that could become buyers of start-ups, ”said Mikhail Lobanov.
')
Andrey Kazakov, who previously managed Foresight Ventures, will manage the fund in the United States.
The fund is going to expand its presence in Europe, particularly in Germany. Now Target Ventures is already operating in Europe, and the fund’s portfolio includes the Delivery Hero delivery service. Last year, the fund left the German project Fyber, while the yield was 200%.
The total capital of the fund is $ 300 million.
Source: https://habr.com/ru/post/292098/
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