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TheStreet Open House

On Deck Secures $42 Million Series D Financing Led By Institutional Venture Partners

"Small and medium sized businesses are the lifeblood of the US economy and we are in an environment where 84% of SMBs looking for financing report having unmet financing needs," said Eric Liaw, principal at IVP. "IVP is excited to partner with On Deck to help provide thousands of small and medium sized business owners with the capital they need to invest in their operations, grow their businesses, and create new jobs."

To continue to manage its explosive growth, On Deck recently opened regional offices in Atlanta, Sarasota, Chicago and Los Angeles. In 2013, the company will open a western region office in Denver, and move into larger office spaces for its New York City headquarters and Arlington, VA offices.

Victory Park Securities acted as financial advisor to On Deck.

To learn more about On Deck, please visit www.ondeckcapital.com or follow On Deck on Twitter: @OnDeckCapital. If you are interested in speaking with CEO Noah Breslow regarding small business in America, please contact jc@jcutlermedia.com.



About On Deck Launched in 2007, On Deck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market underserved by banks.  Through the On Deck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels.  The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history.  The On Deck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.

On Deck is financed by some of the nation's leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures, Village Ventures and Institutional Venture Partners. For more information, please visit: www.ondeckcapital.com.  

About Institutional Venture Partners (IVP) With $4 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 93 of which have gone public. IVP is one of the top performing firms in the industry and has a 32-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (HPQ), Buddy Media (CRM), ComScore (SCOR), Concur Technologies (CNQR), Dropbox, Fleetmatics (FLTX), HomeAway (AWAY), Juniper Networks (JNPR), Kayak (KYAK), LegalZoom, LifeLock (LOCK), Marketo, MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Seagate (STX), Shazam, Synchronoss (SNCR), Tivo (TIVO), Twitter and Zynga (ZNGA). For more information, visit http://ivp.com or follow IVP on Twitter: @ivp

Media Contact: Jonathan Cutler/ Tracy Rubin JCUTLER media group jc@jcutlermedia.com tracy@jcutlermedia.com

SOURCE On Deck

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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