Zopa, the online marketplace for lending, raises $5m to match Prosper

July 3, 2006 | Matt Marshall

Funny how this works, isn’t it?

Zopa, the start-up that is competing with Prosper to shake up the lending industry, has raised $5 million more in financial backing from Tim Draper, founder of US venture capitalists Draper Fisher Jurvetson, and the Rowland Family, reports Unquote News (registration required).

This brings Zopa’s funding up to $20 million, to match exactly how much Prosper raised. We’re assuming this is so Zopa has the same bragging rights.

Zopa got $15 million earlier this year from Bessemer Venture Partners, Benchmark Capital and Wellington Partners. Zopa is launching in California soon, recently opening an office here.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.