SoFi Raised $1bn

Social Finance, the peer-to-peer (P2P) student loan startup, announced that it had raised a $1bn Series E round yesterday.  This is believed to be the largest-ever equity funding in the financial technology space.  SoftBank led the round and was joined by Third Point Ventures, Wellington Management, Institutional Venture Partners, RenRen, and Baseline Ventures.  This raise is expected to delay SoFi’s IPO plans, as the company was previously speculated to go public in 2015.

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.