College Ave Raises $20M to Expand Student Loan Marketplace

COLLEGE AVE, a marketplace for private student loans, has raised its fourth round of funding: a $20 million from Comcast Ventures, which led the round, Fenway Summer Ventures, DW Partners, existing investors and private individuals, increasing its total funding to $40 million. Dave Zilberman, the managing director of Comcast Ventures, will join College Ave's board. Founded in 2014, the Milwaukee-based company has created a marketplace for current college students to seek out private lenders, claiming to have $1 billion in loan requests from students.

UPDATE: This article has been updated to say that this round of funding is College Ave's fourth.

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