Funding news flooded our wire today with so many announcements and releases, it was like swimming upstream in a hurricane to keep up with it all. We’re having to include a lightning round below just to cover all the bases. Grab a life vest, a paddle, and check out what happened today in the maelstrom.
Kiip keeps on trucking with $11M in new investment
Rewards network Kiip announced today that it closed $11 million in a second round of investment. The funding will go towards expanding Kiip’s rewards system beyond gaming, infusing ‘moments of happiness’ into everyday life. Kiip works with game developers, brands, and users to reward gaming achievements with tangible products. The money will go towards doubling the team, which currently consists of 30 people. The round was spearheaded by Relay Ventures, with participation from previous investors True Ventures and Hummer Winbland. Read more on VentureBeat.
To read the full, original article click on this link: Funding Daily: venture capital makes it rain with downpour of investment | VentureBeat
