Located in the Presidio in San Francisco, SoFi was started by a team of Stanford Graduate School of Business (GSB) students in the fall of 2011. SoFi's inaugural loan program was a $2 million pilot at the GSB that fall. Since then, SoFi has moved toward becoming a national lender via state registration, created a broker dealer, expanded its product set to include both in-school and consolidation loans, raised significant capital to fund loans and expanded its presence to more than 78 schools nationwide.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/12/12 | $77,000,000 | Series B |
Baseline Ventures DCM Renren | undisclosed |
| 04/03/14 | $80,000,000 | Series C |
Baseline Ventures DCM Discovery Capital Management Renren Wicklow Capital Wicks Walker | undisclosed |
| 10/02/15 | $1,000,000,000 | Series E |
Third Point Ventures | undisclosed |
