Funding

Kabbage Raises $135M in Series E

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What does Kabbage do?

Kabbage, is a leading technology and data platform powering automated lending. It is a financial technology company. The company’s fully automated technology and data platform powers lending directly and to its partners. This is a financial technology and data company which pioneered a new automated way in lending money to small businesses and customers. It has simplified the process of manual application to one which is hundred percent online and automated. Customers and businesses can use their own data for submitting an application online and to receive an immediate decision and access for funding on the spot.

How much Kabbage was funded?

Kabbage raised $135M in Series E on October 14, 2015 from UPS Strategic Enterprise Fund, BlueRun Ventures, Thomvest Ventures, Recruit Strategic Partners, Santander Innoventures, Yuan Capital, Reverence Capital Partners, Scotiabank and ING Group

Previous funding

  • $1.3M in Debt Financing on January 14, 2010
  • $1.41M in Debt Financing on March 8, 2010
  • $2M in Debt Financing on April 9, 2010
  • $6.65M in Series A on January 12, 2011 from Warren Stephens, BlueRun Ventures, UPS Strategic Enterprise Fund and David Bonderman
  • $17M in Series B on August 17, 2011 from Warren Stephens, Mohr Davidow Ventures, UPS Strategic Enterprise Fund, Jim McKelvey and BlueRun Ventures.
  • $12M on December 13, 2011 from Western Technology Investment
  • $30M in Series C on September 17, 2012 from SV Angel, David Bonderman, Warren Stephens, UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures and  Mohr Davidow Ventures.
  • $75M on April 3, 2013 from Victory Park Capital and Thomvest Ventures
  • $270M in Debt Financing from April 9, 2014
  • $50M in Series D on May 5, 2014 from SoftBank Capital, Lumia Capital, The TCW Group, Thomvest Ventures, UPS Strategic Enterprise Fund, Mohr Davidow Ventures and BlueRun Ventures.

What is next for Kabbage?

The latest investment will give Kabbage, which deals mainly with SMEs, the chance to collaborate with the major banking investors.

More about Kabbage

Kabbage was founded on February 12, 2009  by Rob Frohwein, Kathryn Petralia and Marc Gorlin. It has its headquarters in Atlanta, GA.

 

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