Thomvest Ventures joins $50 mln Series D financing of Kabbage

Kabbage Inc, an Atlanta-based online lender to small businesses, has raised a US$50 million Series D financing round. The deal was led by U.S. venture capital firm SoftBank Capital and was joined by a number of other new and existing investors, including Thomvest Ventures, the US$250 million early-stage fund of Canada's Peter Thomson. Founded in 2008, Kabbage now has raised about US$106 million in equity since 2010. The company also has raised some US$367 million in debt funding.

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