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Kabbage raises fresh $50 mln in SoftBank-led round

Kabbage, an online lender for small businesses, has raised a $50 million Series D round led by SoftBank Capital. Also participating in the round is TCW/Craton, Lumia Capital and existing investors, including UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures, Mohr Davidow Ventures and individuals David Bonderman and Warren Stephens. As part of the latest round, Steve Murray, a partner at SoftBank, has joined the board. Atlanta-based Kabbage has now raised about $106 million in equity since 2010.

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.

Tactus announces Series B Funding

Tactus Technology has closed the first portion of its Series B funding round with new investors from Asia joining existing investors. The new investors include Ryoyo Electric Corporation and other financial investors in Asia. They join Thomvest Ventures and the other corporate investors who have reinvested in the Series B funding round.

Video Ad Startup Virool Raises $6.62 Million

Virool, a year-old San Francisco-based video advertising startup, has closed on $6.62 million in funding from a long list of investors in what the company claims is the biggest seed round raised so far by a graduate of the the Y Combinator incubator program. (Virool came out of the program last summer.) The company’s institutional investors include Draper Fisher Juvetson and Menlo Ventures; individuals who contributed to the funding include Paul BuchheitDave McClure, and Yuri Milner.

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.

YottaMark Raises $24M From Westbury, Fairhaven, ATA, Thomvest, Granite

YottaMark Inc. said it raised $24 million in a Series D round led by Westbury Partners and joined by new investor Fairhaven Capital. Existing investors ATA Ventures, Thomvest Ventures and Granite Ventures participated. The company has now raised $53 million. PRESS RELEASE YottaMark Receives $24 Million in Funding for Leading Food Traceability Solution New investment […]

Horizon Provides Venture Loan to Avalanche

Horizon Technology Finance Corporation has closed a $12.5 million venture loan facility with Avalanche Technology, a developer of next-generation storage class memory products. Horizon is a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and cleantech industries. Avalanche […]

Oak Leads $11M Round for Milyoni

Social entertainment company Milyoni has raised $11 million in a Series B round led by Oak Investment Partners. Previous investors ATA Ventures and Thomvest Ventures also participated in the round. The money will be used for further development as well as to open offices in Los Angeles and New York. PRESS RELEASE Milyoni, the leader […]

Axcient Gets $15.5m New Funding

California-based Axcient, a data backup, business continuity, and disaster recovery service to the Small and Mid-Sized Business (SMB) market, has raised US$15.5 million in new funding. The Series C round was led by Scale Venture Partners with previous investors Allegis Capital, Peninsula Ventures, and Thomvest Ventures participating, bringing the company’s total funding to date to US$33.5 million. Rory O’Driscoll, managing director, Scale Venture Partners, joins the board with this investment.

Mobile Analytics Provider Apsalar Raises Series A

San Francisco-based mobile analytics company Apsalar announced today it has raised a $5 million Series A round led by Thomvest Ventures and including Battery Ventures and DN Capital. As part of the deal, Don Butler, managing director at Thomvest, has joined the company’s board. Apsalar has now raised $5.8 million in funding since Fall 2010. […]

Thomvest Leads $3M for FlashSoft

FlashSoft, a developer of flash virtualization technology, has closed on a $3 million round of funding led by early statge investor Thomvest Ventures. The company also released its software, designed to enable enterprise flash as a cost-effective, server-tier computing resource. FlashSoft is based in Mountain View, Calif.

Milyoni Raises $3M Series A From ATA, Thomvest

Milyoni said Wednesday that it secured $3 million in Series A financing from returning seed investors ATA Ventures and Thomvest Ventures. The Pleasanton, Calif., company will use the funding to extend its social commerce platforms and applications that companies use to sell both real and digital goods. PRESS RELEASE Leading F-Commerce Provider Milyoni Secures $3 […]

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