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.

Coupa Raises $22M From Crosslink, Battery, BlueRun, Mohr, El Dorado

Coupa Software said it raised $22 million in a Series E round led by Crosslink Capital and joined by Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures. The company said its new valuation is a significant multiple over previous rounds. PRESS RELEASE Coupa Software Raises $22 Million in Series E Funding Round […]

BlueRun Adds David Young and Jeff Tannenbaum

David Young and Jeff Tannenbaum have joined early stage investment firm BlueRun Ventures, the firm announced. Young is joining BRV as a Venture Partner, and was previously a founding team member of Marvell Semiconductor. Tannenbaum is joining as a Principal, and was previously the founder of PhotoCrank and co-founder of interactive book startup DreamFront.

Lattice Semiconductor Pays $62M for SiliconBlue

Publicly traded Lattice Semiconductor Corp. will pay roughly $62 million to acquire SiliconBlue Technologies, a venture-backed maker of products for the consumer handheld market. Founded in 2006 and based in Santa Clara, Calif., SiliconBlue was backed by investors including BlueRunVentures, Crosslink Capital, NEA, Apex Venture Partners, TSMC and Atlantic Bridge.

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