Despite Online-Lending Market Woes, Lendio Snags $20M Funding

Lendio Inc., an online marketplace that connects borrowers to small-business lenders, has raised new funding and doubled its revenue despite the upheaval in the online-lending market.

New investors Comcast Ventures and Stereo Capital led a $20 million Series D round for the Salt Lake City startup. Tribeca Venture Partners, Napier Park Global Capital, Blumberg Capital, North Hill Ventures, and Pivot Investment Partners reinvested. Comcast Ventures’ Managing Director Dave Zilberman will be joining Lendio’s board.