Investors seem to be circling the alternative lending space sniffing out opportunity. Earlier this month,
(GOOG - Get Report)
took a $125 million stake in
. Separately Google Ventures participated in a Series D round of financing to
On Deck Capital
Kabbage also has some heavy hitters backing it, including venture funds like
, run by Peter Thomson, director of
(TRI - Get Report)
Mohr Davidow Ventures
UPS Strategic Enterprise Fund
David Bonderman, founder of
, is also an investor in Kabbage.
Kabbage announced last month that it completed a $75 million credit facility, led by
Victory Park Capital
- a new investor - and existing investor Thomvest Ventures. "Kabbage's underwriting platform and ease of use has positioned it as the leading online provider of credit solutions to small businesses," Peter Thomson said in a statement at the time. "We are pleased to partner with Victory Park in funding the growth of Kabbage and its small business clients through this debt financing and to share in Kabbage's future growth as an existing equity investor. "
-- Written by Laurie Kulikowski in New York.
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