Braavo Capital Inc., the provider of on-demand financing for mobile apps and games, has announced it has raised USD 6 million in Series A funding, the company said.
The round was led by e.ventures, with participation from SWS Venture Capital (founded by Steve Streit, Founder & CEO of Green Dot Corporation) and Bill Smith, CEO of Shipt. It also includes conversion of USD 2 million in seed capital from investors including SV Angel and BoxGroup, bringing the total equity raised to date to nearly USD 8 million.
The new funding will go toward building a world-class team to further the company´s mission of empowering mobile app founders and developers to grow their businesses intelligently.
Braavo was founded in 2015 and is headquartered in New York City. Using data, integrations, and automation, Braavo delivers customized, performance-based funding for mobile app businesses on demand, without dilution or personal guarantees.