 "Cloud Lending Solutions raises $8 million in series A funding")
Cloud Lending Solutions announced on Thursday that it had raised $8 million in series A venture funding. The funding will be used to support its market expansion and to enhance its technology.
The round was led by SF Capital Group, with additional investments from Cota Capital and Long Light Capital, along with current seed investors Green Visor and Epic Ventures. Neil Wolfson, president at SF Capital Group, will also join Cloud Lending Solutions' board of directors.
"We are excited to continue driving this growth as well as expand our technology in current and new market segments such as commercial real estate and SMB lending, which are $ 1 trillion industries and ripe for disruption," said Snehal Fulzele, CEO, Cloud Lending Solutions.
The new funding is in addition to the $2 million raised by Cloud Lending Solutions during their pre-series A round in 2014, bringing the total capital raised to $10 million.
The round was led by SF Capital Group, with additional investments from Cota Capital and Long Light Capital, along with current seed investors Green Visor and Epic Ventures. Neil Wolfson, president at SF Capital Group, will also join Cloud Lending Solutions' board of directors.
"We are excited to continue driving this growth as well as expand our technology in current and new market segments such as commercial real estate and SMB lending, which are $ 1 trillion industries and ripe for disruption," said Snehal Fulzele, CEO, Cloud Lending Solutions.
The new funding is in addition to the $2 million raised by Cloud Lending Solutions during their pre-series A round in 2014, bringing the total capital raised to $10 million.