Kabbage Closes $700 Million Asset-Backed Securitization

Plus, Rent the Runway is going to start offering clothing for girls, and Landed just raised a $7.5 million Series A round.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Loan platform Kabbage has closed a securitization of $700 million dollars as it continues to grow. Kabbage is valued at over $1.2 billion dollars. 

Rent the Runway, an online clothing and accessory rentals platform, is going to start offering clothing for girls later this month. Some of the designers offered for kids will be Fendi, Chloé and Stella McCartney. The announcement comes shortly after Rent the Runway announced their venture into the home business through a partnership with West Elm. 

Landed, a startup company that helps teachers buy homes, just raised a $7.5 million Series A round. Landed helps teachers and educators buy homes by helping them with down-payment assistance. The round was led by Initialized Capital. 

Related: Hiring More Women Is One of This Founder's Proudest Achievements

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur