We’re thrilled to officially announce that we’ve just completed $30 million Series C financing. And, we have big plans for the new funds that include investing in our technology platform, expanding our partnerships, and continuing to grow the Kabbage team.
Led by Thomvest Ventures, the investment arm of Peter Thomson of Thomson Reuters, the series C round is helping us to further achieve our goal of helping small businesses grow. UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, David Bonderman, and Warren Stephens also participated in this round of funding. Kabbage has received a total of $56 million in equity to date.
Without a doubt, the last four months have been busy here at Kabbage! Along with this round of financing, we have been award “the Most Innovative Company in Financial Services” by PYMNTS.com, named one of the “Top 100 Private Companies in North America” from Red Herrring, and one of the “Top 10 Innovators of the Year" from Bank Technology News.
We have more exciting news to share with you in the coming weeks and months, so stay up-to-date here and on our Facebook page.