Capsule raised $300M; Mux landed $105M; Ceribell secured $53M; UCM Digital picks up $5.5MRead more...
Brandwatch completed $33M funding; Qvella raised $20M; Gobble landed $10.75M
- Mangatar, a Milan, and Salerno, Italy-based social and mobile gaming startup, raised €1.1 million ($1.2 million) in funding. The funds were raised via Fi.R.A. (Finanziaria Regionale Abruzzese)’s StartHope and Invitalia’s Smart&Start Italia. In conjunction with the funding, Fi.R.A has become an investor in the company, joining the co-founders and existing shareholder dPixel’s Digital Investments S.C.A. SICAR. The company intends to use the capital to grow as a publisher leveraging independent developers. It aims to expand the team, and create a network of developers to develop indie casual and mid-core games on mobile and connected TV platforms.
- Wellington Partners today announced that it acted as lead investor in a €2.7 million ($3.2 million) series A financing round at NEUWAY Pharma GmbH, the first spin-off from Life Science Inkubator GmbH (“LSI”) in Bonn. NEUWAY is focusing on the preclinical and clinical development of innovative therapeutics for treatment of orphan brain diseases based on its proprietary CNS drug delivery platform. The company also intends to partner its drug delivery technology for other CNS indications.
- Umbra, a Helsinki, Finland-based provider of graphics software for the gaming industry, closed a $3.4 million Series A round of financing. Backers included Inventure, Lifeline Ventures and Initial Capital as well as prominent angel investors. The company intends to use the funds to further develop technology for streaming and rendering any 3D content on any target device in real time.
- Maven Capital Partners has invested £5.4 million in Hull-based offshore engineering and renewable energy firm, GEV Group. GEV Group, which operates across four divisions - GEV Wind Power, Subsea Masters, Oxifree, and GEV Offshore – currently employs 145 staff and turns over around £10 million a year. The investment secured through Maven will provide the catalyst required to fund further expansion in the key areas of our business and allow for the required infrastructure investment to support our growth ambitions.
- Food delivery startup Gobble is announcing that it has raised $10.75 million in Series A funding. The round was led by Trinity Ventures, with participation from Andreessen Horowitz, Fenox VC, Initialized Capital and Anjula Acharia-Bath. Trinity’s Ajay Chopra is joining Gobble’s board of directors. Gobble does the measuring, chopping, mixing and (to a certain extent) cooking for its customers.
- TrendKite, a PR analytics company for agencies and corporate brands, has raised $10.7 million in a Series C funding, led by Atlanta-based Noro-Moseley Partners with repeat participation from Battery Ventures, Silverton Partners, and Mercury Fund. The funds will be used to scale and support the soaring demand of a rapidly growing customer base, further accelerate the IP roadmap and to double their current team of 70 employees within the next six months. To date TrendKite has raised $20.6 million.
- Elastic Path Software Inc., an enterprise commerce company helping brands generate higher revenue through innovative omnichannel experiences, announced it has secured CDN$10 million funding led by Yaletown Venture Partners and the BDC Venture Capital IT Fund. The funds will be used to grow the company’s Software-as-a-Service revenues, deepen investment in partner channels and continue driving technology innovation for its recently patented commerce platform. To date, the company has helped their customers generate $40 billion in sales using its digital commerce technology.
- MabSpace Biosciences Co., Ltd., a company focused on the discovery and development of antibody-based therapeutics with proprietary immune tolerance breaking technology, today announced the completion of a $15 million Series A financing, which will be used to advance MabSpace’s pipeline of therapeutic antibody programs into clinical studies, and enable expanded discovery of novel antibodies aimed at various components of tumor microenvironment to enhance responses of tumors that may be less likely to respond to T cell checkpoint monotherapy.
- Qvella, a molecular diagnostics company, today announced it has raised $20 million in Series A financing. The round of funding was co-led by RA Capital Management and Whitecap Venture Partners, and includes Hatteras Venture Partners and Sands Capital Ventures as syndicate partners. The funds will be used by Qvella to finance ongoing product development and team expansion.
- Brandwatch, a social intelligence company, today announced it has completed a $33M Series C financing led by new investor Partech Ventures, with participation from existing investors Highland Europe and Nauta Capital. Brandwatch's continued growth demonstrates the strong appetite organizations have for a best of breed social analytics platform as social networks have evolved into a critical source of consumer and business insight. The funding will be used to accelerate development of the company's core technologies and products to keep setting the standard in an increasingly complex, global social landscape.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
Image source: venturebeat.com
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Read more from our "Daily Funding Roundup" series
Vectra AI raised $130M; Solidia Technologies landed $78M; Capsida Biotherapeutics secured $50M; KeepRead more...
Automox raised $110M; Step landed $100M; Placer.ai secured $50M; Aleo picks up $28MRead more...
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