Small Business Lender Kabbage Taps VCs for $30M Series C
September 19, 2012
Small business financing provider Kabbage has closed a $30 million Series C financing led by Thomvest Ventures. SV Angel and all of the company’s major existing investors also participated in the round. Kabbage utilizes a variety of data sources and real-time statistics to vet applicants and provide funding in less than seven minutes. The company, which has now raised $65.65 million in debt and equity financing since 2011, will use the new capital to continue building its technology and data platform.