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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.

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 […]

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