SoFi Valued at $4bn

Social Finance Inc. (SoFi), an online marketplace lender with a focus on student loan refinancing, has reportedly raised $1bn at a $4bn valuation.  The round took place over the past few weeks and was led by SoftBank.  SoFi, which was founded in 2011, had previously raised $766m from investors including Third Point Ventures, Discovery Capital, Peter Thiel, and Wellington Management.

SoFi is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme.

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