Investment Round-Up: Northwest Agency Gets £2.7 million; MyFab Gets €5 Million; Humangrid Funded
—Northwest Vision and Media: The digital and creative incubator has raised an extra £2.7 million from the European Regional Development Fund (ERDF), two months after raising £3 million from the Northwest Development Agency. NWVM advises and funds digital and creative companies in the northwest, mainly film, TV, games, marketing and events companies with a digital element or that are digital only. The company also announced it is moving into the MediaCityUK development at Salford, soon to be the home of BBC departments such as radio Five Live. Release.
—MyFab: Paris-based furniture-shopping site MyFab has raised €5 million (£4.25 million) in second-round funding, led by BV Capital and joined by previous backer Alven Capital, taking its total raised to date to €7 million (£5.96 million). The site offers consumers a direct route to buy furniture at cheaper prices from suppliers—it’s only in French and German now but the new funds go towards international expansion. From Techcrunch.
—Humangrid: German crowd-sourcing start-up Humangrid has raised €1 million (£850,000) in VC funding from Seed Capital Dortmund and High-Tech Start-Up Fund. Both previously funded the company in 2007. Humangrid breaks down businesses’ and individuals’ data-related tasks and solves them via its roster of freelance data workers, or Clickwerkern. Site founder Alexander Linden pitches his business to the media industry by offering a means to collect and process large amounts of data. Via Deutsche-startups.de.
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