Privlo Raises $350 Million in Debt for Mortgage Loans
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Privlo Inc., an online provider of real estate loans, raised $350 million in debt and $3.8 million in equity to expand in the U.S.
The Los Angeles-based company said it raised the equity from Spark Capital and QED Investors and declined to name the debt provider. Privlo, which has 28 employees, plans to double its workforce by the end of the year, said founder and Chief Executive Officer Michael Slavin, who declined to comment on the company’s valuation.