April 29, 2013
V-Rooms™ released a case study detailing how Kabbage used the V-Rooms™ Virtual Data Room service for its recent Series C funding round, as well as for developing and maintaining strategic relationships with institutional investors.
Kabbage used V-Rooms™ in the due diligence process as it was preparing for its Series C funding round. The company has continued to leverage V-Rooms to assist in other financing transactions. Kabbage uses V-Rooms™ to store sensitive information such as financial statements, employee data, and legal documentation and provide potential investors and lenders easy and secure access to this data.
“V-Rooms™ saves us valuable time and money and helps us accomplish our goals quickly and efficiently by providing secure document repositories of which we have total access and control,” said Marc Gorlin, Chairman & Co-Founder at Kabbage, Inc.
Kabbage uses multi-purpose V-Rooms™ to solve various challenges such as sharing, storing, and tracking confidential financial and legal information. V-Rooms™ allows Kabbage to regulate the levels of access for different users and track what information has been accessed in order to gauge interest and focus attention on potential lenders and investors.
“V-Rooms™ is leading the charge in using virtual data room technologies in non-traditional ways,” said Karen Perkins, President of V-Rooms™. “We strive to provide our individual attention to customize a solution to meet our client’s needs.”
About Kabbage, Inc.:
Kabbage, Inc., headquartered in Atlanta, has pioneered the first financial services data and technology platform to provide funding to small businesses in fewer than 7 minutes. Kabbage leverages data generated through business activity such as online sales, shipping, and dozens of other sources to understand performance and deliver fast, flexible funding in real time. Kabbage is venture funded and backed by Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures, the UPS Strategic Enterprise Fund, with additional investors including: Ron Conway’s SV Angel, David Bonderman, founder of TPG Capital, Warren Stephens, CEO of Stephens Inc., Western Technology Investment, H. Barton Asset Management, and TriplePoint Ventures. For more information, please visit http://www.kabbage.com and follow the company on Facebook and Twitter.
V-Rooms™ provides a cloud-based, customizable virtual data room (VDR) solution that is designed to streamline document management, collaboration, exchange and archiving for financial, legal and corporate professionals. The V-Rooms™ Software-As-A-Service (SAAS) secure document portal facilitates the secure exchange of sensitive information providing compliant and auditable transactions. V-Rooms™ enables the acceleration of complex, information-intensive processes while reducing the time and expenses associated with data distribution, courier, printing and travel. Additional information can be found at http://www.V-Rooms.com.