MMC Ventures backs UK mobile firm Somo

Somo said Wednesday that it has closed $5.5 million in funding. The investors were MMC Ventures and various private backers. GP Bullhound advised Somo on the transaction. Headquartered in London, Somo is a global provider of mobile solutions.

First read Feb 24

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Catch up on the latest midweek happenings including a new IR head for Vector Capital, Florida SBA hiring CalPERS PE officer and some research on the secrets of venture fundraising success.

UK’s PayasUgym secures funds led by Albion and MMC Ventures

UK-based fitness network PayasUgym has secured a funding round which has been led by Albion Ventures and MMC Ventures. This investment comes two weeks after PayasUgym announced the recruitment of chief marketing officer, Graeme Horne, who has joined the management team.

Invenias inks follow-on funding

Invenias has completed a follow-on funding round led MMC Ventures, bringing the total raised in this round to $2 million. Invenias is a UK-based provider of software solutions to the executive search and strategic recruitment sector.


Video on demand platform MUBI closes Series D

MUBI, a global video on demand platform has secured a $7.5 million Series D funding round. This round of funding comes from a range of investors, including Floreat, MMC Ventures and White Star Capital, alongside existing angel investors.

MMC opens unique fund aimed at investors under-35

MMC Ventures has reopened the MMC Growth Generation Fund. The fund is the first of its kind and is structured to provide a younger generation of investors with access to high growth companies, EIS tax benefits and the opportunity to build long term capital gains.

Gousto secures MMC backing

Recipe box delivery business Gousto has closed a $2 million investment led by MMC Ventures and backed by existing investors including the Angel CoFund. The funding will be used to further strengthen the product and to fast track the business.

MMC Ventures backs Wedo

Online furniture retailer Wedo has completed a round of funding, led by MMC Ventures. This follows the company’s initial seed funding in 2012, when Passion Capital and a selection of private equity investors backed the company. All previous key investors have reinvested in this latest round.

Appear Here secures funding

Appear Here, an online marketplace for short-term retail space, has closed a funding round. Howzat Partners (backers of Trivago), MMC Ventures (backers of AlexandAlexa) and Forward Investment Partners (existing investors and backers of uSwitch and Hailo) took part. Other participants in this round include Meyer Bergman, Playfair Capital and Ballpark Ventures, as well as Marc Hazan (of Spotify) and Miroma Ventures (investors in Pinterest).

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