NEW YORK ( TheStreet) -- Does On Deck Capital's announcement Wednesday that it secured equity financing from a new investor -- technology venture-capital firm Institutional Venture Partners (IVP) -- mean it's thinking of an initial public offering? "We're not talking about an IPO soon," On Deck CEO Noah Breslow told TheStreet on Thursday. However, over the past 12 months, "it's becoming increasingly convincing that On Deck can be a publicly scaled company." While there isn't pressure to go public this year, "it's definitely an option for us in the two- to three-year timeframe," Breslow says. The $42 million Series D growth financing, led by newcomer IVP and including a few of On Deck's existing investors like RRE Ventures, SAP Ventures and First Round Capital, was oversubscribed. The financing will enable On Deck Capital to "further accelerate growth through: continued technology innovation; breakthrough new product development; increased marketing to reach more small-business owners; and expanded access to wholesale funding sources," the company said in the press release. IVP has $4 billion of committed capital designated for later-stage VC and growth equity firms, it says. Since 1980, the firm has invested in more than 300 companies, 93 of which have gone public, including HomeAway ( AWAY), ComScore ( SCOR), Vonage ( VG) and Zynga ( ZNGA). Other notable invested companies include Twitter, Shazam and DropBox. On Deck also announced that IVP General Partner Sandy Miller was appointed to the company's board of directors. "We were attracted to IVP's 33-year track record of collaborating with pioneering technology companies, as well as Sandy's personal involvement with over 100 technology IPOs. We are thrilled to have Sandy and the entire IVP team supporting our next phase of growth, Breslow said in a press release. "Led by an experienced and cohesive management team, On Deck has developed a unique and differentiated technology platform to streamline the borrowing process so that small and medium-sized business owners can get approved for the capital they need in a matter of minutes. We are very excited that our investment in On Deck is the first from our new fund, IVP XIV," Miller said in the release.