Peer-to-peer lending site Prosper bulks up with $70 mln round

Peer-to-peer online lender Prosper Marketplace has raised a $70 million round that was led by Francisco Partners and includes Institutional Venture Partners and Phenomen Ventures. As part of the latest round, David Golob, a partner with Francisco Partners, has joined Prosper's board. The San Francisco-based company has now raised $196 million in total funding, according to Thomson Reuters (publisher of peHUB), including from Accel Partners, Benchmark Capital, Draper Fisher Jurvetson, Sequoia Capital and others.

North AmericaUSBriefs