LendingClub has received a $57 million investment from DST Global and Coatue Management LLC.
People with knowledge of the deal said the transaction values the platform at $2.3 billion. That valuation puts LendingClub among the highest-priced private technology companies in the US.
LendingClub’s valuation has now climbed by 48% since May of this year, when Google Inc. led a $125 million secondary purchase. The company was then valued at $1.55 billion.
The news of this investment comes amongst CEO Renaud Laplanche’s talk of an IPO in 2014. “There’s an expectation we’ll go public next year, and we feel we have a lot of visibility into the business.”
Laplanche also said that the share sale consisted entirely of stock purchased from early backers.