Posted by Renaud Laplanche :: August 3, 2011 @ 12:48 pm

Great news today – Lending Club has a fantastic new equity investor and partner in USV (Union Square Ventures), one of the top venture capital firms in the country and an investor in some great companies like Twitter, Zynga and Foursquare. You can hear from Fred Wilson and John Buttrick on why they chose to invest in us. While we weren’t actively looking for new investors, this partnership and capital will allow us to accelerate our pace of innovation and growth and to add more value to both our borrowers and investors. Our existing venture investors, including Canaan Partners, Foundation Capital, Morgenthaler Ventures, and Norwest Venture Partners all participated in the round as well.

In addition to reading our official press release you can get more details from The Wall Street Journal and TechCrunch.