On Deck, a New York, NY-based evaluation and financing platform designed to connect small businesses with capital, has received $4m in funding.
The raise adds to the $15m round in January, 2011 (read here), and brings Series C total funding to $19m.
The investment, which was made by SF Capital Group, aims to help the company to expand its sales and marketing initiatives.
In conjunction with the funding, SF Capital Group President Neil Wolfson will join On Deck’s Board of Directors.
Launched in 2006 and led by President Brad Kime, On Deck uses data aggregation and electronic payment technology to evaluate the financial health and deliver capital to small businesses to meet their daily operating and long term goals. The company’s proprietary platform focuses on the overall business performance, rather than the owner’s personal credit history.
Previous investors include SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.
The company also operates offices in Arlington, Virginia.
FinSMEs
06/08/2011