Streetbees Lands $6.7m to 'Reward' Early Investors

In London, mobile-based customer insights platform Streetbees has added $6.7m to its $40m Series B round of funding, which it says will provide its founders, early employees and angel investors with liquid assets.

Streetbees combines artificial intelligence and geolocation technology to collect data from more than 3.5 million users (or 'bees'), who share moments from their daily lives through videos, photos and text using a chat-style app. In October, the firm raised $40m in the first tranche of its Series B round, which it will use to accelerate development of its platform, and increase headcount from 100 to 230 during the next twelve months.

The add-on investment has been led by TempoCap, as Streetbees embarks on what it describes as a 'significant recruitment drive' and continued international expansion. Tugce Bulut (pictured), CEO of Streetbees, comments: 'As we start an exciting new phase of growth, we felt now was the right time to reward some of our early stakeholders that have contributed to our success so far. TempoCap are secondary specialists who have demonstrated their passion for supporting high growth, entrepreneurial businesses, and we look forward to a great partnership'.

Web site: www.streetbees.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.