The financing round was co-led by IQ Capital, Parkwalk Advisors and BGF to scale the company's product range and double headcount.
"This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has grown significantly and we are thrilled to be in a position to deliver several products to market, following decades of industry-leading research in reliability of power devices. This investment will allow us to supplement our experienced team with additional experts and expand our markets globally, creating more sustainable electronics worldwide."
The investment follows a period of international expansion and product development.
"Closing a significant Series A round during these uncertain times further validates Ad-Lib.io’s disruptive approach to bringing a cookie-less, privacy-friendly platform to brands and their agencies that removes operational complexity and avoids unwanted process change,"
The Series A round was led by Artesian Investments to expand the digital instruction platform.
"This investment represents an incredibly exciting step towards our vision to become the de facto product to improve skiing technique. Skiing is a difficult sport to learn, and 88% of skiers stop lessons after less than 1 week – Carv offers a convenient and fun experience to continue learning. The pandemic has only accelerated the adoption of Carv’s digital ski instruction with us seeing over a 100% year-on-year growth for 2020 Q4. We are excited to be rapidly expanding our user base as the additional data helps us build an ever better coaching system. We are proud to welcome back our existing investors and see their continued support for our vision to deliver digital sports coaching. This is just the start for Carv, and we look forward to the next stage of growth and innovation."
Episode 1, MMC Ventures and NHN Ventures backed the mobile authentication platform as it exits stealth mode.
"Digital identity is an important investment theme for us and the key to unlocking the next leg of growth for the digital economy. The kind of frictionless authentication the founders have delivered is pretty close to magic. When a team, an idea and a solution come together at the same time – that’s what being a VC is all about"
The mobility app has raised £1.5m to support its roadmap and overseas expansion plans.
"What resonates with investors is not just the initial premise of the business and how it can appeal to all demographics, but also our ability to refocus during the pandemic. From the fact we are the first carbon-negative lift-sharing app to identifying the need for Errands to getting it up and running so quickly, is why we have been so successful in our funding."
