Silicon Valley-headquartered Playspan, the micro-payments vendor, has raised US$18m in Series C investment led by UK-based telco Vodafone and Japan’s Softbank.
The company said the new capital increases its total funding pot to around US$42m, which will…
Silicon Valley-headquartered Playspan, the micro-payments vendor, has raised US$18m in Series C investment led by UK-based telco Vodafone and Japan’s Softbank.
The company said the new capital increases its total funding pot to around US$42m, which will be used to expand into Europe and Asia and grow its publisher and user-base.
According to Playspan, the Series C investment was also supported by existing investors Menlo Ventures, Novel TMT Ventures, STIC, as well as others that were left undisclosed.
In a statement, PlaySpan founder and CEO Karl Mehta said: “It is a testament to our market-leading position, demonstrated growth, and the fast-growing digital goods micro-transactions space, that we have raised another significant round from top investors.”
PlaySpan was unavailable for further comment before going to press.
