Prosper Finds $20M In Funding, Sets New CEO

San Francisco-based peer-to-peer lending marketplace Prosper said Tuesday that it has raised $20M in a funding round from Sequoia Capital, and also named a new CEO. Prosper said it has named Pat Grady of Sequoia Capital to its board of directors with the funding; the company also has named Stephan Vermut as its CEO and member of its board. Vermut it the former founder and managing partner of Merlin Securities. More information »