• FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    18 Sep, 2019
    Phone:
    +1 888-269-4246

Description

FOCUS

PRODUCTS & SERVICES:
Online credit marketplace for small business.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Small Businesses
EXISTING PARTNERSHIPS:
JP Morgan
COMMENT
OnDeck uses a proprietary assessment of creditworthiness that pulls in more and better data than banks do.

PEOPLE

FOUNDERS:
Mitch Jacobs
Board Members and Advisors:
Karim Faris, Matt Harris, David Hartwig, Eric Liaw, Charles Moldow, James Robinson, Aaron Tyler, Ron Verni, Neil Wolfson
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Ares, Liberty Mutual, Credit Suisse, Credit Agricole,Deutsche Bank, First Round, Fortress Investment Group, Foundation Capital, Goldman Sachs, GV, Industry Ventures, Institutional Venture Partners, Keybank, Khosla Ventures, Peter Thiel, RRE Ventures, Sapphire Ventures, SF Capital, SF Capital Group,Silar Advisors, LP, Square 1 Bank, Tiger Global Management, Village Ventures, Credit Suisse

TRACTION

VALUATION / MARKET CAP:
$440 MM in 2018
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$190 Million
DATE OF LAST FUNDING:
Aug 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to continue providing financing that our small businesses customers need to succeed and grow. (Aug. 2018)
FUNDING SERIES:
SERIES B
$10 Million Closed: May 2008
SERIES C
$44 Millions Closed: Aug 2011
SERIES D
$59 Millions Closed: May 2013
SERIES E
$77 Millions Closed: Mar 2014
DEBT FUNDING:
$798.48 Millions
IPO:
$200 Millions
LISTED:
YES

LATEST RESEARCH