Kabbage Takes in $75M Credit Facility from Victory Park
April 05, 2013
Victory Park Capital has provided a $75 million credit facility to Kabbage, a VC-backed provider of small business financing. Thomvest Ventures, an existing investor, also participated in the commitment. The financing will allow the Atlanta startup to expand its foothold into new customer segments and markets. Kabbage has developed a financial-services data and technology platform, enabling it to advance funding to small businesses within minutes. Kabbage has closed multiple rounds of financing, including a $30 million Series C round in September 2012, which put the company’s pre-money valuation at $148.5 million.