Banker Invests 1 Million US$ VC Money into Prosper

Nigel Morris, co-founder of Capital One, has invested 1 million US$ into via his venture capital company QED Investors.

The investment comes in form of a convertible promissory note for the amount of 1 million US$, which is due in one year and carries an interest rate of 15%. QED Investors may elect to convert the note into shares of Prosper’s preferred stock.

VC funding for Prosper now totals 41 million US$. Nigel Morris joins Prosper’s board of directors.

(via, sources press release & other)

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