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Small biz financing provider Kabbage nets $270 mln

Kabbage said Wednesday that it has received $270 million in debt financing from unnamed investors. Guggenheim Securities, the investment banking and capital markets unit of Guggenheim Partners, served as placement agent for the transaction. Based in Atlanta, Kabbage is an online provider of small business financing. Its backers include Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures and the UPS Strategic Enterprise Fund.

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Banjo snags $16 mln Series B funds

Banjo said Thursday that it has closed $16 million in Series B financing. Balderton Capital led the round with participation from BlueRun Ventures and Vegas Tech Fund. Headquartered in Redwood City, Calif., Banjo is a social discovery app.

Kilopass Receives $8m Funding to Expand Tech Roadmap

Kilopass Technology, a provider of semiconductor logic non-volatile memory intellectual property has received an $8 million funding from a major consumer electronics licensee who wishes to remain anonymous until its own product launch. Kilopass is backed by BlueRun Ventures, Pitango Ventures and U.S. Venture Partners.

Venture-Backed Thirst Labs Launches Revamped Site

Thirst Labs, which provides a mobile app and Web platform to discover and share news, announced today that its Thirst news platform has been revamped and is now available to everyone online. Thirst Labs raised a $950,000 seed round from BlueRun Ventures and individual investors Steve Newcomb (co-founder of Powerset) and Jason Krikorian (co-founder of Sling Media). Thirst Labs co-founder and CEO Anuj Verma says the company plans to start working on raising a Series A round during the first quarter of this year.

Kabbage Raises Plenty of Green for Itself

Atlanta-based Kabbage, which provides capital to small and mid-sized online merchants, has raised $30 million in Series C funding. The company has now raised $56 million in total equity. The latest round was led by Thomvest Ventures, the venture arm of Peter Thomson, who’s also a director of Thomson Reuters (owner of peHUB). Joining in the round are UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, SV Angel and individuals Warren Stephens and David Bonderman.

BlueRun’s Buhl Joins AppCentral

Peter Buhl, co-founding partner at BlueRun Ventures, jumped from investing in startups to helping to run one. The 12-year veteran investor joined AppCentral as chief operating officer.

GGV, Sequoia, BlueRun Back Chinese Shopping Engine Meilishuo

A group of Silicon Valley VCs are betting that homegrown shopping networks will keep on growing in China. GGV Capital, Sequoia Capital, BlueRun Ventures and Zero2IPO recently, and quietly, invested a Series C round in Meilishuo, which operates a Chinese shopping social network and microblog for women. As part of the funding, Ray Hu, vice […]

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