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That raise would go towards helping develop its technology, games and raising its headcount beyond the 30 staff it currently employees.
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The company is building new facilities and has raised its headcount considerably since K.K.R. took over – data points that are clearly central to the lobbying group's effort to reverse the political narrative on private equity, which has been damaged by attacks on Mitt Romney's record at Bain Capital.
With the funding, OnSports will raise its headcount by adding a few more engineers.
Kim said the company plans to raise its current headcount of 90 staff with a focus on R&D hires, whilst also further developing its credit rating model and risk pricing for loans and mortgages.
The company will also look to grow its headcount, which currently includes more than 60 staff.
On average the company's loans are about $70,000 and headcount at Earnest has grown from 30 people to 160 people since Earnest raised its $19.8 million Series A from Maveron earlier in the year.
Pfizer just raised its dividend.
Goldman Sachs raised its earnings estimates.
Not the "10,000 extra security and moderation staff" Facebook has said will hire by the end of this year (raising the headcount it has working on these critical tasks to around 20k in total).
Nottingham city council recorded a 12% increase in its IT headcount.
After bootstrapping for its first four years, ezCater began raising money in 2011 and has doubled its headcount in the last 18 months to 175 employees.
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