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Masabi Secures $4 Million B-round From m8 Capital

Mike Butcher

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Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

Friday, November 4th, 2011
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Masabi, which develops mobile ticketing technology for the transport sector, has secured $4 million from London-based m8 Capital, the majority-owned affiliate of AGC Equity Partners that targets mobile startups and technology. This is a B-round, following the $2m A-round of last year and is designed to push the company into the US.