LoanStreet Inc. has closed a $6.5 million funding round, bringing total investment in the company to $9 million.

This round was led by Valar Ventures, with participation from Third Prime Capital, Rosecliff Ventures, Ride Ventures, The Gramercy Fund and other notable investors. LoanStreet is the first fully-integrated online platform that streamlines the process of sharing, managing, and originating loans,

"Developing disruptive technologies for heavily regulated industries requires a rare combination of business, legal and regulatory expertise," said James Fitzgerald, general partner and co-founder of Valar Ventures. "Ian and the team at LoanStreet have exactly the right backgrounds--and are the right entrepreneurs--to bring innovation to credit unions, banks and other lenders that are often underserved by emerging technologies. We are excited to be partnering with them."

LoanStreet offers lenders tools that historically were only available to large-scale financial institutions with unlimited budgets. LoanStreet's turnkey, integrated lending solution allows all lenders to establish new sources of revenue, enhance balance sheet management, scale loan purchases and sales while strengthening financial and regulatory reporting.

"With support from our investors we look forward to unlocking opportunities for lenders of all sizes and transaction volumes,” said Ian Lampl, CEO of LoanStreet.  “The power of LoanStreet's network and technology gives lending institutions access to additional sources of profit, diversification, and transparency while lowering risk."