Here are the day’s funding stories:
Kabbage has $270M more
Kabbage, a company that offers loans to small businesses, now has even more funds to work with. The company announced today that it has closed a $270 million credit facility, which should make it cheaper and easier for Kabbage to loan out money to other small businesses. The company claims this is one of the largest credit facilities raised in the small business financing space. Read more on VentureBeat.
Quora raises $80M
Quora believes it has built the best question and answer service on the Internet. Now, it’s looking to Wikipedia for inspiration. With a fresh $80 million in the bank, Quora’s head of business operations, Marc Bodnick, tells VentureBeat that the company raised the new funds to remain independent, fund infrastructure costs, and focus on quality control. Most interestingly, Bodnick shares that Quora has plans for large-scale international expansion: the site will finally support other languages besides English. Read more on VentureBeat.
Crittercism raises $30M
Big web companies like LinkedIn, Netflix, Pinterest, and Yahoo rely on a company called Crittercism to track the performance of their mobile apps. Adoption among such tech-savvy outfits should make it easy for Crittercism to sell its service into more companies, but new funding should help, too. Today Crittercism announced a $30 million round, as well as new services that could make the company’s software more useful to enterprises, like an API for pushing Crittercism’s data into existing monitoring tools. Read more on VentureBeat.
Omada Health grabs a new $23M
Health-tech startup Omada Health promises to help people with health issues change their behavior. And it’s starting out with a program to help diabetes sufferers. “It is a digital therapeutic, and they deliver weight loss over an Internet connection,” Balaji S. Srinivasan, a partner at investor Andreesen Horowitz, told VentureBeat in an interview. Read more on VentureBeat.
Flatiron School pulls in $5.5M
Hacker bootcamps are hot. The unaccredited institutions may have raised the ire of California’s regulators, but it’s been smooth sailing for learn-to-code programs here on the East Coast. That group includes New York City’s Flatiron School, which today announced $5.5 million in new funding to propel coding newbies into programming jobs. Read more on VentureBeat.
Inbenta gets $2M
Via email: “Inbenta, the A.I. based semantic search engine provider, announces it has closed a $2 million series A funding from a group of investors led by Amerigo, an international network of technological venture capital funds, which forms part of Telefónica’s commitment to boosting technological innovation around the world. Inbenta will use the funds to continue to scale out their artificial intelligence platform for enterprise customer care solutions while expanding operations worldwide.”
Kngine raises a quick $500K
Kngine is a search startup that — like many forward-looking search entities — is working on a natural-language approach to search. The company has just filed with the SEC for its first funding: a proposed $650,000 mini-round, of which $500,000 has been secured. The cash, a debt round, comes from Altos Ventures. Read more on VentureBeat.
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