VC funding: Funcom, TravelBank, Vungle, Polte, BlockApps

Funcom, Orchard Software, XMOS, TravelBank, Vungle, Polte, BlockApps, Kenzie Academy, among others, announced their latest VC funding or PE funding from venture capital companies.
VC funding investmentsFuncom

Tencent is set to buy 29 percent stake in Netherlands-based computer games developer Funcom, valuing Funcom at $134.33 million. Rui Casais is the chief executive officer of Funcom.

Orchard Software

Francisco Partners, a technology-focused private equity firm, will acquire Orchard Software Corporation, a company specializing in developing and supporting Laboratory Information Systems that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing. Rob Bush is the founder and CEO of Orchard Software.


XMOS, a technology company, has raised $19 million. The $19 million investment round comprised equity funding, with participation from existing investors, and a venture debt facility with Harbert European Growth Capital. Mark Lippett is the president and CEO at XMOS.


TravelBank, a business travel and expense management platform, announced investment from Dreamers VC. Duke Chung is the co-founder and CEO of TravelBank.


Blackstone has completed the acquisition of Vungle, a performance marketing platform for in-app video advertisements on mobile devices. Vungle is used by publishers of more than 60,000 mobile apps worldwide, including top brands such as Rovio, Zynga, Pandora, Microsoft, and Scopely, among others. The company serves more than 4 billion video views per month over a billion unique devices.


Polte Corporation has raised $12.5 million from private investors. The Series A-2 funding will enable the company to deploy commercial and industrial applications of Polte’s alternative to GPS. Ed Chao is the chief executive officer of Polte.


BlockApps, a blockchain platform provider, has raised funds in its Series A funding round led by Fitz Gate Ventures with participation from Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital, Galaxy Digital Ventures and a follow-on investment from ConsenSys. Kieren James Lubin is the CEO of BlockApps.

Titan Advanced Energy

Titan Advanced Energy Solutions announced an investment of $10 million in Series A financing — co-led by Schneider Electric Ventures (SEV) and Energy Innovation Capital (EIC) with participation from the Massachusetts Clean Energy Center (MassCEC). Shawn Murphy is the co-founder and CEO of Titan AES.

Kenzie Academy

Kenzie Academy, a college alternative providing job-focused technology training to middle America, has raised $7.8 million in Series A funding, led by ReThink Education. Other investors include Revolution’s Rise of the Rest Seed Fund, Strada, LearnStart, Peak State Ventures, Flat World Partners, and Kelly Services, through the Kelly Innovation Fund. Chok Ooi is the co-founder and CEO of Kenzie Academy.

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