SoFi Raises $200m Ahead of IPO
Social Finance Inc., or SoFi, raised $200mn in a Series D funding round on February 3, 2015. The round valued the peer-to-peer (P2P) student loan startup at $1.3bn. Third Point Ventures led the round, which also included Wellington Management Company, Institutional Venture Partners and existing investors. SoFi has now raised $766m and is reportedly eyeing an IPO later this year.
Social Finance Inc. 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 107 companies organized by investment theme.