SoMoLend is a Web-based lending platform that uses patent-pending technology to connect small business borrowers with individual and organizational investors (lenders), executed within a hyper-localized geographic scope. SoMoLend's user-friendly technology allows small business borrowers to obtain loans from friends, family, customers, community supporters and interested organizations as well as from Facebook, Twitter, and LinkedIn connections.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 05/15/12 | $1,170,000 | Seed |
Blue Chip Partners Clarion Direct Investment Clifford Holekamp Eldar Investment North Coast Angel Fund Queen City Angels Shaker LaunchHouse | undisclosed |
| 03/06/13 | $2,000,000 | Seed |
Blue Chip Partners Bob Baron Bruce Terry Cheryl and Carlin Stamm Clarion Direct Investment Clifford Holekamp Eldar Investment Elizabeth Crowell North Coast Angel Fund QED Investors Queen City Angels Shaker LaunchHouse | undisclosed |
