SAN FRANCISCO--(BUSINESS WIRE)--
Victory Park Securities (VPS), a leading financial advisory and merchant banking firm, served as exclusive financial advisor to On Deck, the technology-powered Main Street lender, in a $17 million expansion to their series D, bringing the total Series D to $59 million. VPS has served as financial advisor to On Deck since 2010 and to-date has advised On Deck on approximately $100 million in capital raised.
“We’ve been fortunate to again work with On Deck on their latest capital raise. They are a leading innovator in credit technology and have built the premier platform to serve Main Street,” said Dan Schwartz, managing director at Victory Park Securities. “The caliber of On Deck’s investors is a direct reflection of their success in providing more than $450 million in loans to small businesses across the United States.”
To learn more about Victory Park Securities, please visit www.victoryparksecurities.com.
About Victory Park Securities (VPS)
VPS is a leading financial advisory and merchant banking firm serving growth companies with disruptive business models. Founded in 2009 and led by seasoned investment professionals, VPS specializes in creative and hands-on capital market financing and merger & acquisition advisory services across sectors including technology, digital media, financial services, and consumer brands. VPS is uniquely positioned to identify reliable capital sources, employ flexible engagement structures, and deliver partner-level guidance in all our transactions, minimizing disruption to our client’s business. VPS has resources in Boston, Chicago, New York, and San Francisco.
About On Deck
Launched in 2007, On Deck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently delivers capital to a market underserved by banks. Through the On Deck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The On Deck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
On Deck is financed by some of the nation's leading venture capital firms, including SAP Ventures, First Round Capital, RRE Ventures, Village Ventures and Institutional Venture Partners. For more information, please visit: www.ondeckcapital.com. For more information, follow On Deck on Twitter @OnDeckCapital.
