# Kabbage

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kabbage

- Industry: Financial Services
- Headquarters: Atlanta, US
- Website: www.kabbage.com
- Total disclosed funding: $321M
- Latest round: Series F (Sep 14, 2017)
- Investors on record: 15

## About

Kabbage Inc. is a financial technology company that provides automated funding solutions for small and medium-sized businesses, enabling efficient cash flow management through innovative lending products.Kabbage Inc. offers a range of financial products aimed at assisting small businesses with cash flow management. Founded in 2009 in Atlanta, US, by Marc Gorlin and Rob, Kabbage was acquired by American Express in a transaction completed in 2020 for USD 850 mn. The company has since focused on enhancing cash flow management tools. As of October 2022, Kabbage Inc. filed for Chapter 11 bankruptcy protection, which marks a significant pivot in its operational strategy.Kabbage Inc. provides automated funding solutions designed primarily for small and medium-sized businesses. Their offerings include business lines of credit and cash flow management tools, which enable businesses to access funding seamlessly and manage their financial health effectively. The platform integrates with various financial accounts, allowing users to gain insights into their cash flow and expenses through a unified interface.Kabbage Inc. generates revenue through fees associated with its lending products and services. This includes interest on outstanding balances and potential transaction fees from merchants for credit services utilized by business clients. The revenue model is structured around business-to-business transactions, wherein businesses compensate Kabbage for facilitating access to financing and related services.Following its acquisition by American Express, Kabbage Inc. aims to expand its offerings by integrating new cash flow management tools tailored for small businesses in the U.S. The funds from the acquisition, amounting to USD 850 mn, are expected to be utilized to enhance product capabilities and develop innovative financial solutions. However, the recent filing for Chapter 11 bankruptcy in October 2022 signifies a critical moment for the company as it restructures its strategies and offerings.

## Funding rounds

- Series F, Sep 14, 2017, $81M — SB Investment Advisers
- Series E, Jun 30, 2015, $135M — Scotiabank Private Equity Investments, BlueRun Ventures, ING Bank, Thomvest Ventures, UPS Strategic Enterprise Fund, Recruit Strategic Partners, Reverence Capital Partners, Mouro Capital, Yuanfu Capital
- Series D, Mar 28, 2014, $50M — Mohr Davidow Ventures, BlueRun Ventures, Softbank Capital, Craton Equity Partners, Thomvest Ventures, UPS Strategic Enterprise Fund, Lumia Capital
- Series C, Aug 28, 2012, $30M — Mohr Davidow Ventures, BlueRun Ventures, Thomvest Ventures, SV Angel, UPS Strategic Enterprise Fund
- Series B, Aug 8, 2011, $17M — Mohr Davidow Ventures, BlueRun Ventures, UPS Strategic Enterprise Fund
- Series A, Dec 23, 2010, $8.8M — BlueRun Ventures, UPS Strategic Enterprise Fund

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A, Series B, Series C, Series D, Series E
- UPS Strategic Enterprise Fund (https://capitalatlas.ai/funds/ups-strategic-enterprise-fund) — Series A, Series B, Series C, Series D, Series E
- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series B, Series C, Series D
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series C, Series D, Series E
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series C
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series D
- Craton Equity Partners (https://capitalatlas.ai/funds/craton-equity-partners) — Series D
- Lumia Capital (https://capitalatlas.ai/funds/lumia-capital) — Series D
- Scotiabank Private Equity Investments — Series E
- ING Bank — Series E
- Recruit Strategic Partners (https://capitalatlas.ai/funds/recruit-strategic-partners) — Series E
- Reverence Capital Partners (https://capitalatlas.ai/funds/reverence-capital-partners) — Series E
- Mouro Capital (https://capitalatlas.ai/funds/mouro-capital) — Series E
- Yuanfu Capital (https://capitalatlas.ai/funds/yuanfu-capital) — Series E
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series F