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When OnDeck raised a Series A in 2006 the company was valued at $2.5 million today it is valued at more than $1.7 billion. Many investors who participated along the way from the Series A to the Series E did very well.
in 2007, capital seemed to be flowing pretty freely around the economy and, to a casual observer, there didn't seem to be much room for a tech firm to disrupt lending. But that's when Manhattan-based RRE Ventures saw something promising in a small startup called OnDeck Capital (NYSE: ONDK), and invested in the company for $1.48 per share in a Series B investment round. But by mid-afternoon on Wednesday, the day OnDeck went public, those same shares were worth $27.04 — good for an 18x return on the original investment, according to an analysis by Phil Haslett, cofounder of EquityZen, a marketplace for private company investments.
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