Atlanta based online loan provider Kabbage, has concluded a series C round totaling $30m in equity with Thomvest Ventures as lead investor, and backing from logistics company UPS's corporate venturing unit.
Thomvest Ventures is the investment vehicle for Peter Thomson, chairman for the Woodbridge Company, a holdings firm for the Thomson family which owns a majority stake in the media conglomerate Thomson-Reuters.
Other investors included venturing companies Mohr Davidow Ventures, BlueRun Ventures, angel investors Warren Stephens, and David Bonderman, he founder of investment firm TPG Capital, and US-based company UPS via its corporate venturing Strategic Enterprise Fund.
The conclusion of the series C round brings Kabbage’s total funding to $57m.
Kabbage,…
