This morning, dv01 announced the close of our $5.5M Series A round, led by OCA Ventures. Ribbit Capital, Illuminate Financial, and CreditEase also participated, joining existing dv01 investors Leucadia National Corporation and Pivot Investment Partners.
This round of fundraising marks an important milestone in dv01’s history. To date, we’ve provided data management, reporting, and portfolio management services to over 150 financial institutions, offering investors insight into $10 billion of securitizations and $64+ billion of online loans from originators including Lending Club, Prosper, CommonBond, SoFi, and Marlette. We’ve seen incredible growth and adoption, including a 35x increase in users since June 2016, driven in large part by our securitization offering,
Now comes the next chapter. Get ready to see enhanced analytics solutions incorporated into our platform—with a built-in cashflow engine, benchmarking, and holistic borrower analysis through our partnership with Experian. You’ll also start seeing dv01’s name mentioned outside of online lending, as we expand into additional asset classes, including mortgages and auto.
We hope you’re as excited for the future as we are. To stay in the loop on all things dv01, remember to sign up for our newsletter!