SoFi, a U.S.-based student loans marketplace for lenders and borrowers, announced on Wednesday that it has secured a further $1 billion in funds led by Japan’s SoftBank. It’s calling it the “largest single financing round in the fintech space to date.”
Surprisingly, SoFi is still not as well-known as some other startups of its size. A post-money valuation was not disclosed, but it’s now raised a total $1.42 billion to date. Existing investors that came back for this round include Third Point Ventures, Wellington Management Company, Institutional Venture Partners, Renren, Baseline Ventures, and DCM Ventures.
By the end of the year, SoFi plans to add 100 more employees, taking its total to 500, with existing offices in California, Montana, Washington DC, and Texas. We reported the company’s earlier $500 million round back in 2013, but it most recently raised a $200 million Series D round in February.
French dating app Happn connects with $14M investment to help you avoid missed connections
Happn allows users who physically cross-pass each other to connect using the dating/friend-meeting app. Besides making love-at-first-sight relationships a bit more likely, the French company behind the app raised a whooping $14 million series B funding round led by European investor Idinvest Partners. Alven Capital, DN Capital, and Raine Ventures also participated in this round.
Happn is also working on features that would allow customers to communicate with the favorite brands.
Happn has raised at least $22 million to date and its CEO, Didier Rappaport ,said he is expecting this capital to help his compay reach a 10 million users goal by the end of the year. The funds from the round would also facilitate Happn’s expansion in the United States, Asia, and South America, following the app’s acceptance in Europe.
“We are very happy to see American people using a French App. As you may know, French people are very good when it comes to dating,” Rappaport said.
Driving education app Aceable raises a $4.7 million seed round
Aceable, a company that says it wants to “make the required driving education and certification process enjoyable and accessible to everyone,” announced today that it closed its seed round with a $4.7 million investment in its pocket.
The company’s app offers online driving courses for adults and parent-taught divers. Aceable says, these courses are approved in Texas and Florida.
Silverton Partners was the leader of this round, while Floodgate Ventures, NextGen Angels, and Capital Factory followed. The investment, the company says, will fuel expansion to other states.