by Rip Empson
On Deck Capital, the platform that helps connect small businesses with capital, has raised $19 million of its own in a series C funding round. The startup raised $15 million back in January from SAP Ventures and recently added another $4 million from SF Capital Group, a New York–based private investment firm. As part of the new funding, SF Capital Group President Neil Wolfson will be joining On Deck’s board of directors. Wolfson joins David Hartwig, the managing director at SAP, who signed on to the board following his firm’s investment. On Deck has raised a total of $38 million from investors including Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.
On Deck has been on a good run lately, as its added two senior executives to its sales and business development teams, made an appearance at a Clinton Global Initiative forum in Chicago, has doubled its month-to-month growth in customer acquisitions (to 4,000 customers) and loan applications in 2011, and has now connected small businesses with over $125 million in capital (at an average of loan size of $30K). You can read our original coverage of On Deck here.