Super Evil Mega Corp. raises $26m in funding
Super Evil Mega Corp., the mobile games developer behind the popular Vainglory game, has raised $26 million in funding. Index Ventures led the round, with participation from all of the company's existing backers and Yuri Milner, Jim Breyer of Breyer Capital, and Korea Investment Partners. The company plans to make Vainglory, a multiplayer online battle arena game (MOBA) the first mass market e-sport. "Nine months ago, Vainglory was a bold experiment to perfect the MOBA genre for touch screens. Today it is emerging as a global competitive platform, with its own star athletes, a league broadcast on TV in Korea, and millions of players around the world playing the game for over an hour each day. Super Evil is proving that the future of esports is mobile, and that Vainglory is poised to become the next frontier," said Adam Valkin, Managing Director at General Catalyst Partners.
India-based GreyOrange Robotics, which develops robotics and material handling systems for the logistics industry, has raised $30 million in a Series B round led by TigerGlobal Management. Blume Ventures also participated in the round, which will be used to develop new products and expand internationally. The company's clients include Flipkart, Amazon India, Jabong and Kerry Logistics. "The GreyOrange team is helping transform the logistics industry with its high-tech, automated solutions and isnow well positioned to leverage its technology globally," said Lee Fixel of Tiger Global.
Fintech startup Prodigy Finance has raised more than $100 million from Credit Suisse, Balderton Capital and others. The company helps students from Africa and Asia to attend U.S. and European business schools. Tim Bunting, partner at Balderton, said: "Cameron and his team have created a global execution platform that gives investors the opportunity to fund international students in a meritocratic fashion that positively changes the status quo. This is a huge win for the students."
Online advertising technology company C1X has raised $5.1 million in Series A funding. University of Tokyo Edge Capital led the round, with participation from Innovative venture Fund, Mobile Internet Capital, Mynavi, some advertising agencies and angel investors.
Filed Under: Finance, Investment Round Up, Startups
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