Next Level Ventures leads $1.3 million investment in LenderClose

Lenderclose Lenderclose announced a funding round Tuesday morning, led by Next Level Ventures. Photo courtesy of Quiet Stream Financial

The Des Moines-based fintech startup LenderClose announced Tuesday it has secured funding to add 25 employees, according to a news release and confirmed by Clay & Milk.

The funding round was led by Next Level Ventures, a Des Moines-based $40 million venture capital fund.

LenderClose has not confirmed any deal specifics, but according to public filings with the SEC, Lenderclose received just over $1.3 million; The Form D was filed March 21 and can be found here.

LenderClose is the tenth company in the Next Level Ventures portfolio and an eleventh could be added, according to this tweet on Tuesday.

LenderClose launched in 2015 and now has close to 100 lenders on its client list, according to a news release Tuesday morning.

Previous coverage

Q&A: Omar Jordan starts his second startup LenderClose – Oct. 3, 2017

Q&A: Next Level Ventures invests in Iowa’s startup community – Sept. 26, 2017