MEDcraze Raises $3M in Seed Financing

MEDcraze LLC, an Atlanta, GA-based online platform startup that provides patient information and access to new medical technologies, completed a £3m seed funding round.
This financing has been made exclusively by JG Griffeth Investments LLC.

The company will use the proceeds to make key hires and continue to build out additional platform features, expand advertising efforts and opportunities for medical device, biotech and pharmaceutical companies that have recently launched new products.

Led by Carey Markey, Founder and CEO, and Manny Trujillo MD, Plastic Surgeon and Co-Founder, MEDcraze is an online community which allows recently diagnosed patients with an upcoming surgical procedure to obtain access to applicable advancements in medical technology. They can then take this information and have an elevated discussion, based on technology, with their healthcare provider.

Source. FinSMEs, May 4, 2020

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Kabbage Receives New $200M Revolving Credit Facility

Kabbage, Inc., an Atlanta, GA-based data and technology company offering automated cash flow solutions to small businesses, closed a $200m revolving credit facility.

The new four-year credit facility commitment is provided by a subsidiary of a life insurance company, managed and administered by 20 Gates Management, and Atalaya Capital Management.

The debt capital will support the company’s growth in the USA.

Kabbage provides small businesses access to lines of credit up to $250,000 by analyzing their real-time business data. With more than 2 million live data connections with its customers, the company provides small businesses access to capital in minutes.

To-date, it has provided more than 185,000 U.S. small businesses access to over $7 billion in capital.

All of the company’s U.S.-based loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

Kabbage is funded and backed by leading investors, including the SoftBank Vision Fund, BlueRun Ventures, Mohr Davidow Ventures and others.

Source. FinSMEs, Staff, July 2, 2019

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