Investment Summary

Crosslink Capital, Francisco Partners and Eight Roads Invest In Prosper

On May 4, 2014, growth capital firm Crosslink Capital, private equity firm Francisco Partners and private equity firm Eight Roads invested in financial services company Prosper

Investment Highlights
  • This is Crosslink Capital’s 2nd, Francisco Partners’ 3rd and Eight Roads’ 1st transaction in the Financial Services sector.
  • This is Crosslink Capital’s 58th, Francisco Partners’ 49th and Eight Roads’ 38th transaction in the United States.
  • This is Crosslink Capital’s 44th, Francisco Partners’ 17th and Eight Roads’ 9th transaction in California.

Investment Summary

Date 2014-05-04
Target Prosper
Sector Financial Services
Investor(s) Crosslink Capital
Francisco Partners
Eight Roads
Deal Type Venture

Target

Prosper

San Francisco, California, United States
Prosper is a peer-to-peer financing platform to invest and borrow money. The Prosper platform connects people who want to invest money with people who want to borrow money. The unsecured personal loans are used by Prosper borrowers for a variety of purposes including paying down high interest rate debt and helping with small business funding. Prosper was founded in 2005 and is based in San Francisco, California.

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Investor(S) 3

Investor

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 58 of 76
Sector (Financial Services) 2 of 2
Type (Venture) 52 of 69
State (California) 44 of 54
Country (United States) 58 of 76
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 SET Media

New York City, New York, United States

SET Media, Inc., a digital video technology company that connects brands with people through high quality, targeted and brand safe video advertising. We applied this science to online advertising by becoming experts in online video buying, spending several years buying online video for major brands like Microsoft, Sony, and Disney.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 SynapSense

Folsom, California, United States

SynapSense specializes in secure wireless mesh networking technology, airflow optimization services and cooling control for data centers. SynapSense was founded in 2006 and is based in Folsom, California.

Sell -
Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 63 of 157
Sector (Financial Services) 3 of 4
Type (Venture) 3 of 3
State (California) 17 of 37
Country (United States) 49 of 132
Year (2014) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Grass Valley

San Francisco, California, United States

Grass Valley is a provider of full range of products and services supporting many of the world's most high-profile television events, Grass Valley offers the most comprehensive portfolio of flexible and cost-effective digital technologies and systems available.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Masternaut UK

Aberford, United Kingdom

Masternaut UK Ltd. is a designer and delivers SaaS solutions for managing the mobile workforce that enable customers and partners to achieve evolutionary step-changes in their performance and service delivery. Formed through the combination of established telematics providers, Cybit and Masternaut, the new Masternaut boasts the broadest range of telematics products, services and R&D capability in Europe. Masternaut UK Ltd. was founded in and is based in Aberford, United Kingdom.

Sell -
Investor
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 79 of 298
Sector (Financial Services) 1 of 5
Type (Venture) 64 of 269
State (California) 9 of 43
Country (United States) 38 of 124
Year (2014) 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Tradier

Charlotte, North Carolina, United States

Tradier is a cloud-based financial services provider and brokerage API company that offers a groundbreaking platform to serve Platform Providers, Advisors, Developers, and Individual Investors. Tradier delivers an innovative set of fully hosted APIs, modules, and "out of the box" tools that are leveraged by a growing list of providers seeking to create innovative trading and investing experiences. Tradier was founded in 2012 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 Bang Er Orthopedic Hospital Group

Hangzhou, China

Bang Er Orthopedic Hospital Group is a professional hospital investment and operation company. Bang Er Orthopedic Hospital Group is based in Hangzhou, China.

Buy -