The company announced in February that it had raised $42 million in a round led by Institutional Venture Partners. On Deck had previously secured a credit facility from Goldman Sachs ( GS ) and Fortress Investment Group undefined in August 2012. Google Ventures, formed in 2009, has 160 companies in its portfolio. It says it's mission is to provide "seed, venture and growth stage funding to the most innovative and promising entrepreneurs across a variety of stages." The fund has sold a number of its portfolio companies, including acquisitions by Facebook ( FB ), Yahoo! ( YHOO ), AOL ( AOL ) and even, Google. It's also had a few successful IPOs, including HomeAway ( AWAY ) and Silver Spring Networks ( SSNI ). A Google Ventures spokeswoman said that the fund is not a "typical corporate strategic fund," meaning that it invests for financial return as opposed to funneling ideas and companies up to the parent company.