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Data-Focused Online Merchant Lender Kabbage Raises $30M From UPS, SV Angel And Others

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http://techcrunch.com – Kabbage, which provides working capital to online merchants, has raised $30 million in Series C financing led by Thomvest Ventures, the venture capital arm of Peter Thomson, the founder and managing director of Thomvest Ventures and a director of Thomson Reuters. UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, Warren Stephens, and David Bonderman participated in the round. In addition, SV Angel also recently invested in the company. Kabbage has received a total of $56 million in funding to date. The Atlanta-based company is essentially a way for online merchants and sel (IT news)