Kabbage raises $250M from SoftBank
Another day, another massive SoftBank investment. This time the recipient is Kabbage, an online small business loan provider that just secured $250 million in a SoftBank-funded equity financing. To date, eight-year-old, Atlanta-based Kabbage has raised more than $500 million in equity funding.
DigiCert to buy Symantec division
Symantec is selling its website security division to DigiCert, an authentication technology provider controlled by private equity firm Thoma Bravo. Under terms of the deal, DigiCert will pay $950 million upfront, with Symantec retaining a 30 percent stake in the combined business.
Outsourcing startups draw VCs
Startups can’t do everything on their own. So, it’s not surprising to see the business of helping businesses drawing interest from VCs.
Since 2014, investors have poured more than $460 million into US-based outsourcing startups, according to a Crunchbase News analysis. (For more stories, follow @crunchbasenews on Twitter and check us out on Facebook.)
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