SoMoLend Obtains $400,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3b9c7a8-e901-4f0b-b7f7-3ce1fa39a49d&Preview=1 - Date
3/6/2013 - 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
$400,000 - Transaction Round
Undisclosed - Proceeds Purposes
The investment will be used to further enhance the software platform, including the addition of social networking features, as well as expand marketing and customer acquisition efforts and develop fund-raising tools and education programs. - M&A Terms
- Venture Investor
QED Investors
