OnDeck Capital is an online small business lending company in the United States. It has offices in Chicago, IL; New York, NY; Denver, CO, and South Jordan, UT. Entrepreneur Mitch Jacobs founded OnDeck in 2006 and headquartered the company in New York City. Jacobs sought funding from VCs companies, with early investors including First Round Capital, Khosla Ventures, Village Ventures, Contour Venture Partners, RRE Ventures, SAP Ventures (now Sapphire Ventures), Google Ventures and Tiger Global Management. OnDeck uses proprietary software to aggregate data about a business’ operations, which is processed by an algorithm that determines loan eligibility. In 2007, the company introduced its short-term loan product and made its first loan, and by early 2010, the company had made over $50M in loans to small businesses in the U.S. More information...
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