CommonBond is a student lending company that is shifting the culture of borrowing through low rates, first-rate service, and a supportive community of borrowers, lenders, and friends. The company launched its inaugural loan program in November 2012 at The Wharton School of the University of Pennsylvania, where company co-founders - David Klein, Michael Taormina, and Jessup Shean - met as MBA students. CommonBond has now expanded to 20 MBA programs with its recent $100M+ financing round and plans to expand further into Law, Medical, and Engineering graduate programs. CommonBond is the first company to bring the 'one-for-one' model to education and finance through the company's global Social Promise.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/04/13 | $100,000,000 |
Social+Capital Partnership Thomas Glocer Tom Kalaris Tribeca Venture Partners Vikram Pandit | undisclosed | |
| 09/08/15 | $35,000,000 | Series B |
August Capital Nyca Partners | undisclosed |
| 07/19/16 | $30,000,000 | Series C |
August Capital Neuberger Berman Nyca Partners Social Capital Tribeca Venture Partners Victory Park Capital | undisclosed |
