Despite reducing VC assets in the technology organizations, the net financing startup has just secure various other $3 hundred million inside money.
Even with reducing VC financial investments when you look at the technical enterprises, CommonBond, an on-line credit corporation that offers so you can re-finance student education loans (within a lowered rate of interest), established Saturday it offers safeguarded other $three hundred mil, along with $29 mil inside collateral.
The fresh business, and therefore introduced inside New york merely a couple of years ago, claims to save individuals normally $fourteen,one hundred thousand, having an apr starting at just not as much as a couple of %.
„It’s really no doubt one to 2016 has been a highly various other season to own individual resource than simply 2013, 2014, and you may 2015 have been,“ states David Klein, co-maker and you may Chief executive officer from CommonBond. „I believe [it financial support] try a genuine testament towards the team as well as their capability to send strong team metrics who’s got organized me to boost equity investment.“
So you’re able to his section, You.S. venture money dropped to just $12.step one mil in earliest one-fourth away from 2016, down 30 percent from the second quarter out of a year ago. Continue reading »