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Tech Industry

Short Take: E-Loan raises $25 million from investors

Online mortgage broker E-Loan, announced it has raised $25.4 million from its second round of funding. E-Loan plans to use the funds to try to ramp up for further development of cutting-edge technology, diversify its product offering, and prepare for rapidly growing consumer demand. Investors include Yahoo, Softbank Technology Ventures, and Sequoia Capital. E-Loan allows borrowers to compare, apply for, and obtain home loans from the nation's leading lenders.

Online mortgage broker E-Loan, announced it has raised $25.4 million from its second round of funding. E-Loan plans to use the funds to try to ramp up for further development of cutting-edge technology, diversify its product offering, and prepare for rapidly growing consumer demand. Investors include Yahoo, Softbank Technology Ventures, and Sequoia Capital. E-Loan allows borrowers to compare, apply for, and obtain home loans from the nation's leading lenders.