Auxmoney, the German P2P lender, closed a Series D round led by Seven Ventures (the investment arm of ProSiebenSat1), with participation from Index Ventures, Union Square Ventures and Foundation Capital.
The amount, whilst undisclosed, is in the double-digit million Euro range - smaller than previous rounds. Auxmoney has raised $198m to-date, with its Series C attracting EUR150m in October last year.
Auxmoney, one of the oldest German p2p lending marketplaces, has completed a Series D round with Seven Ventures as lead investor. The specifics were not disclosed, only that Seven Ventures along with Index Ventures, Union Square Ventures und Foundation Capital invested a double digit million Euro amount. Seven Ventures is the investment arm of ProSiebenSat.1 Media SE, which operates large TV channels in Germany. Raffael Johnen, co-founder and CEO of Auxmoney stated: „The partnership with ProSiebenSat1 is an important milestone on our path to change the public awareness for p2p lending in Germany. We will make a big step towards our goal to enable access to loans for more people.
http://www.p2p-banking.com/countries/germany-breaking-auxmoney-raises-series-d-from-seven-ventures/
