Tech Company Financing Transactions
Dubsmash Funding Round
Sunstone Capital, Balderton Capital and Eniac Ventures invested in a $9.6 million Series B funding round for Dubsmash. The round was announced by the company on 12/1/2016.
Transaction Overview
Company Name
Announced On
12/1/2016
Transaction Type
Venture Equity
Amount
$9,600,000
Round
Series B
Investors
Proceeds Purpose
I've also learned that, as part of the new funding and in a bid to help scale, Dubsmash has undergone a restructuring that saw the startup lay off 7 employees -- roughly 20 per cent of its workforce across all areas of the company -- although it continues to hire.
Company Information
Company Status
Acquired or Merged
Industry
Entertainment
Mailing Address
Majakowskiring 55
Berlin, 13156
Germany
Berlin, 13156
Germany
Phone
Undisclosed
Website
Email Address
Overview
Dubsmash is the new viral messaging app that has taken the #1 spot in the App Store of over 29 different countries across Europe.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Jonas Drupel
Co-Founder
Roland Grenke
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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