Just when the online lending scene seemed mired in doldrums and doubt, New York-based CommonBondlanded several deals to shake things up.
The company announced on Tuesday it raised $30 million, in a Series C equity round led by Neuberger Berman Private Equity, and it also acquired Gradible, a New York-based student loan evaluation company.
In addition to those deals, David Klein, CEO and co-founder of CommonBond, says his company bulked up the lending capabilities of its platform via $300 million in loan purchases by an undisclosed asset management firm. With these latest infusions, he says CommonBond has more than $1 billion in combined financing, with $70 million of that as equity funding.
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