December 11, 2014

Lending Club Goes Public

Lending Club rang the bell at the New York Stock Exchange (NYSE) this morning - becoming a public company under the ticker symbol "LC." We are ecstatic for the Lending Club team and founder and CEO Renaud Laplanche. They have reinvented traditional banking as we know it - and given borrowers and lenders a more efficient consumer-credit marketplace. Canvas General Partner and longtime Lending Club board member, Rebecca Lynn, was at the NYSE to celebrate with the team. She led the Series B investment in Lending Club in Q1 2009 when it had less than $50 million in loan originations. Today, it has well over $6 billion in loans issued. Thanks to Lending Club, the $3 trillion consumer-credit market will never be the same. Congratulations Renaud and Lending Club!


 

 

Welcome CrowdFlower & Viewics

Please say hello to our two newest Canvas portfolio companies:

  • CrowdFlower, a people-powered data enrichment platform based in San Francisco
  • Viewics, a business-intelligence platform for healthcare organizations, based in Sunnyvale, CA.

 Canvas Portfolio Company News

Canvas led the $12.5M funding round for CrowdFlower, based in San Francisco Vator News

Viewics Inc. raises $8M for its medical lab analytics platform Venture Beat

FutureAdvisor takes home the award for the best American non-bank for innovation Euromoney

Dr. Shlain of Healthloop discusses the data response curve and patient care The Health Care Blog

Learn how Totango has turned the CRM industry to a Customer Success Platform MarketWatch


Canvas Team News
 

Annual CEO Dinner 2014- Surrounding our portfolio companies with the most influential executives in tech.

 

We hosted female computer science students at Stanford and asked "Why Not You?"

 

Startups - like Lending Club, FutureAdvisor, Check - and the Unbanking of America.

 

Paul Hsiao Discussed Marketplace Trends on VC Panel.

 

"Female VCs" post by Rebecca Lynn will be found on "Forbes Valley Voices"

 


Newsworthy

Our Canvas Partners led investments and/or serve on the boards of the following companies. See what funds these companies are associated with here - and see the headlines they're making!

Adara works to leverage global travel data to optimize business performance. Read Article

With 50% of doctors in the U.S. signed on; Doximity is now deemed the social network of MDs. Read Article

Elance-ODesk looking to expand into new markets with an additional $30M in funding. Read Article

Evernote rolls out new chat and presentation features for work. Read Article

Lending Club named one of America's Most Promising Companies by Forbes. Read Article

Houzz confirms $165M in venture funding and expanding into online commerce. Read Article

MuleSoft reports record year, nearing doubling in new subscription bookings. Read Article

Using PracticeFusion to answer questions about community health Read Article

RelateIQ goes to Salesforce for a cool $390 million. Read Article


Our New "Thesis" Tab

Take a gander at the new "Thesis" tab on the Canvas Web site. Why is it important? Because it explains how we are "thesis investors" and why entrepreneurs should care. Our thesis areas, or investment themes, today include: fintech, marketplaces, digital health, API economy, and more. www.canvas.ventures/thesis.


New Faces

Meet our newest "campus liaisons" at Stanford, Irem Mertol and Saam Motamedi. We've had a campus-liaison program for years at Stanford and Berkeley, including such alumn as Steve Loughlin and Adam Evans, co-founders of RelateIQ; Nir Blumberg, now in M&A at Facebook; Mediha Abdulhay, now in M&A at Google, and Guido Appenzeller, co-founder of both Voltage Security and Big Switch. Campus liaisons work with Canvas partners while still in school; the majority of them pursue computer science or MBA degrees. They typically work for part of their school year to help us keep a pulse on two of the most vibrant campuses in the nation for startup formation and recruiting. Be sure to meet the entire Canvas Team.


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