Kabbage Gets $75 Million Debt Deal From Victory Park, Thomvest
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Kabbage Inc., a startup that uses cash advances to help online merchants buy inventory, added $75 million in debt financing to expand its customer base.
The debt facility was led by Victory Park Capital, a Chicago firm whose other investments include the Giordano’s pizza chain and Fuller Brush Co., Kabbage said today in a statement. Existing equity investor Thomvest Ventures Inc. also participated.