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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.

Kabbage raises $270 mln in cabbage

Kabbage, an online lender for small businesses, announced today that it has raised a $270 million revolving line of credit. The debt round, which goes directly into the company’s lending operations to provide funding to its customers, was oversubscribed. Investors were undisclosed, but a Kabbage spokesperson said they include major banks, pension funds and insurance companies. Previously, the Atlanta-based company raised $97 million in debt, including a $75 million credit facility through Victory Park Capital and Thomvest Ventures in 2013.

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.

Kabbage Raises $17M From Mohr Davidow, BlueRun, Others

Kabbage, Inc. said it secured $17 million of Series B funding in a deal led by Mohr Davidow Ventures. Existing investors BlueRun Ventures; David Bonderman, founder of TPG Capital; Warren Stephens, chief executive of Stephens Inc.; and the UPS Strategic Enterprise Fund participated in the round. Also part of the round were several individuals, including […]

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