Prosper.com announced that it will issue 138,681,680 series A preferred shares at $0.1442 per share for gross proceeds of $20,000,000 on January 15, 2013. SC Prosper Holdings LLC, an entity affiliated with Sequoia Capital, Merlin Acorn, LP, returning investors, Draper Fisher Jurvetson, TomorrowVentures 2010 Fund, LLC, a fund managed by TomorrowVentures, LLC, and QED Fund I, L.P., a fund managed by QED Partners LLC and Eric & Erica Schwartz Investments LLC, an entity affiliated with Eric Schwartz will invest in the transaction. The preferred shares will be convertible into 138,681,680 common shares at any time. The shares automatically convert into common stock immediately prior to the closing of an initial public offering. As part of the round, Pat Grady of Sequoia Capital will join the company's board of directors. The round includes participation from 34 investors. The securities will be issued pursuant to Regulation D.

On January 22, 2013, Prosper.com closed the transaction. New investor, Sequoia Capital led the sixth round of institutional funding. Existing investors, Crosslink Capital, Accel Partners, CompuCredit, Omidyar Network, and Volition Capital participated in the transaction. The company has raised $95,000,000 till date.