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04-11-2014, 03:15 PM #1
- Join Date
- Mar 2013
- Posts
- 25
Kabbage Gets $270 Million More to Lend to Small Online Merchants
http://techcrunch.com/2014/04/09/kabbage-270m-loans/
This latest credit round comes almost exactly a year after Kabbage raised $75 million, which it also put towards the capital that it lends businesses (it’s raised just under $92 million of debt, not counting today’s $270 million). The company has also raised $53.7 million of VC funding across three rounds, with investors including BlueRun Ventures, David Bonderman, Warren Stephens, the UPS Strategic Enterprise Fund, Mohr Davidow Ventures, Jim McKelvey, Thomvest Ventures and SV Angel.
25,000 active customers
Since opening for business almost three years ago, Kabbage has advanced more than $250 million to small businesses, the company says.
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