Alastair Goldfisher

Kabbage raises $270 mln in cabbage

Kabbage, an online lender for small businesses, announced today that it has raised a $270 million revolving line of credit. The debt round, which goes directly into the company's lending operations to provide funding to its customers, was oversubscribed. Investors were undisclosed, but a Kabbage spokesperson said they include major banks, pension funds and insurance companies. Previously, the Atlanta-based company raised $97 million in debt, including a $75 million credit facility through Victory Park Capital and Thomvest Ventures in 2013.

Former Zipcar CEO joins General Catalyst as XIR

General Catalyst Partners announced it has added Scott Griffith as a partner and XIR. Griffith was up until last year chairman and CEO of Zipcar.

Silicon Valley-based Guericke named partner of Earlybird

Berlin-based venture firm Earlybird Venture Capital announced today it has named Konstantin Guericke a partner. He becomes the fifth partner at the firm, which in mid-2013, raised $200 million for its fourth early-stage fund. Guericke has been in Silicon Valley for some 20 years and is co-founder and former VP of marketing of LinkedIn. He joined Earlybird nearly two years ago as a venture partner.

Accel backs mobile game developer Industrial Toys

Accel Partners, which is no stranger to the gaming sector, having backed Playfish, Rovio, Supercell and others, has announced it led a $5 million Series A investment in Industrial Toys. This is the first institutional round raised by the Pasadena, Calif.-based company, which is led by CEO Alex Seropian, a video game veteran and former president of Bungie.

Searching for the next big mobile app

Recent large acquisitions have topped the charts; could another billion-dollar app purchase be just around the corner?

Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target

Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target

Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target

Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

Fintech conference is here, and it was a long time in coming

More entrepreneurs are focused on fintech, as well as significantly more VCs, as we kick off our Venture Alpha East conference in New York

Growing number of online lenders aim to disrupt banks

Lending Club, which potentially is headed toward an IPO, is the most well-financed in the sector, which includes many startups focused on small businesses, the underbanked and even students.