- Ensygnia, a Reading, UK-based patented mobile payment solutions provider, raised £500,000 (approximately $724, 645) in a Series A bridging round of funding. Gate Ventures Plc has led the round taking an 8.54% stake with participation from US FinTech Accelerator and venture fund SixThirty. In conjunction with the funding, Richard Carter, Chief Financial Officer of Gate Ventures, joined Ensygnia as Non-Executive Director.
- PlayJam, a London, UK-based tech company focusing on the distribution of interactive content, raised £1 million (approximately $1.44 million) in funding. Gate Ventures plc, an investment company focused on the media, entertainment, e-commerce, fashion retail, consultancy & operational projects, made the investment in exchange of a 5% stake, which will increase to 8% based on certain criteria being met. In addition, Richard Carter, CFO of Gate Ventures joined Playjam as director.
- Crowdfox, a German startup that wants to compete with Amazon, raised a €5 million (approximately $5.64 million) seed round from private investors. But the startup gets more than only fresh capital. The experience and network of the investing partners give Crowdfox some advantages with scaling the company; for the end of 2016 it has planned an international market entry.
- Berlin-based travel tech startup Distribusion raised €6 million (about $8.7 million) in a series A funding round from Northzone, Creandum, and HR Ventures. Travel industry-focused angels Thomas Döring, Chris Hitchen, Richard Chen, Bo Mattsson, and Marc Mogalle as well as existing investor Frühphasenfonds Brandenburg also participated in the round.
- Redbubble, an online marketplace for creatives, released its half year financial performance and confirmed its intention to raise $50 million through an ASX listing in June. A $12 million pre-IPO funding round led by Blackbird Ventures has also been finalised, with the startup looking to bring new institutions onto the Redbubble platform as part of its strategic growth plans.
- Pieces Technologies (Pieces Tech), a start-up that deploys technology to improve clinical and community health outcomes, officially launched with a $21.6 million Series A funding round. Pacific Advantage Capital (PAC Partners) and Jump Capital led the investment along with participation from Children’s Health (Dallas), Order of Saint Francis Healthcare System (Peoria, IL), PCCI and select Dallas investors, among others.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: zdnet.com
