CircleUp Appoints Scott Sanborn As Director

SAN FRANCISCO, Jan. 6, 2015 /PRNewswire/ -- CircleUp (www.circleup.com), an online marketplace for private equity investing, announced today that Scott Sanborn has joined the company's board of directors. Mr. Sanborn will continue his leadership role as chief operating officer and chief marketing officer at Lending Club (NYSE: LC), which recently completed an initial public offering. The announcement follows a year of significant growth at CircleUp, with more than $100M currently available for investment on the platform.

"CircleUp has established itself as the clear leader in the online private equity landscape, with a disciplined approach to helping investors find quality opportunities," said Sanborn. "Making growth capital available to companies, many for the first time, can make a significant difference in our economy. With the track record and team in place, I'm excited to serve on CircleUp's board and help the company continue to grow."

Currently COO and CMO at Lending Club, the world's largest online marketplace connecting borrowers and investors. Sanborn was previously the chief marketing and revenue officer for eHealthInsurance, a publicly traded ecommerce company. He has also held senior leadership roles at RedEnvelope, Inc., an e-commerce and catalog retailer of upscale gifts.

"We're thrilled to welcome Scott to our Board," said CircleUp CEO Ryan Caldbeck. "Scott brings a valuable and unique perspective, having scaled a two-sided marketplace in a similar environment. He shares our values and passion for helping entrepreneurs thrive while providing strong returns to investors. I'm confident his inspirational leadership and wealth of experience will help elevate CircleUp to our next phase of growth."

Sanborn joins Caldbeck and co-Founder Rory Eakin as well as investors Andy Weissman of Union Square Ventures, Daniel Ciporin of Canaan Partners, and Matthew Christensen of Rose Park Advisors on CircleUp's board of directors. David Krane of Google Ventures and David Topper of General Atlantic are board observers.

About CircleUp
CircleUp (www.circleup.com) is an online marketplace for private equity investing. Accredited investors find free access to select private investments, easy tools to identify and diligence companies and online transaction capability to make investments. CircleUp has been named one of the Top 5 Most Disruptive Companies in Finance by CNBC, one of the 50 Best Fintech Innovators by KPMG, and one of America's Most Promising Companies by Forbes.

SOURCE CircleUp