Tech Company Financing Transactions
Qubit Funding Round
Qubit, operating out of London, secured $26 million from Accel Partners, Balderton Capital and Salesforce Ventures.
Transaction Overview
Company Name
Announced On
9/30/2014
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Series B
Investors
Proceeds Purpose
The investment will be used to fuel rapid expansion of Qubit's presence in the US and accelerate its ongoing programme of product innovation.
Company Information
Company Status
Acquired or Merged
Industry
ECommerce
Mailing Address
35 King St.
London, WC2E 8JG
UK
London, WC2E 8JG
UK
Phone
Website
Email Address
Overview
Qubit provides a product suite that both collects and processes large data sets to identify and execute the biggest levers for improving online profitability through machine learning, statistical analysis and high performance computing.
Management Team
Title
Name
Email & Social
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We do our best to report on all VC transactions involving tech companies. All VC database entries reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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