Masabi Secures Funding, Opens New York Office and Hires VP

Masabi, a mobile ticketing and agile fare collection business, has secured $2.8 million in funding from Detroit-based Fontinalis Partners, London-based MMC Ventures and existing investor m8 Capital. The company has also opened a New York office and has hired Josh Robin as vice president of strategy and business development for North American operations.

955 Dreams Closes Seed Round

955 Dreams, a next generation mobile publishing company has closed a $3.25M seed round. Investors in this round include 500 Startups, m8 Capital, Kapor Capital, Felicis Ventures and CrunchFund. The round is being led by 500 Startups and m8 Capital. 500 Startups is a Mountain View-based seed fund and startup accelerator program. m8 Capital is […]

M8 Capital Backs Masabi with $4M

Masabi, a developer of mobile ticketing technology, has inked a $4 million Series B round from investment firm M8 Capital. The money will be used to deploy the company’s technology with several rail companies in the U.K., the company said. Masabi’s ticketing services have launched so far on Cross Country Trains, thetrainline.com, Virgin Trains and Chiltern Railways. Masabi is based in London.

Portalarium Inks Infusion from Founders Fund, M8 Capital

Austin-based game developer Portalarium has closed a second round of bridge financing from investors including UK-based m8 Capital and San Francisco-based Founders Fund. Terms of the latest infusion were not released, but the company said that the new investment brings the total raised by Portalarium over the past year to $3.6 million. Portalarium publishes and develops games for social network and mobile platforms.

Masabi raises $2 million in funding

UK-based mobile ticketing company Masabi has secured a $2 million investment from m8 Capital, a venture capital fund which focuses on the mobile technology sector. Masabi will use the money to install its ticketing systems with UK rail companies.

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