Prism, a Los Angeles-based lending platform tailored to startup tech companies and employees, raised a Series A fundraising round of $26 million co-led by Pantera Capital and Human Capital. The funds will be used to accelerate growth, expand operations, and broaden the company's reach.

Prism, co-founded by Ari Stiegler, CEO, Noah Friedman, COO, and Ryan Breslow, works directly with pre-IPO companies to allow employees to borrow against their company equity for personal use, ranging from a down payment on a home to paying off personal recourse debt.

Loans are secured by the equity posted as collateral by each borrower and have no personal recourse. Late-stage, venture-backed companies that partner with Prism can access the loan marketplace tech platform, which facilitates originations between private shareholders and institutional lenders.