Google Ventures, Accel back mystery mobile startup NextBit with $18m Series A


question-onlineCorporate investment giant Google Ventures and venture major Accel Partners have led an $18m Series A financing round for secretive San Francisco startup Nextbit Systems.

Google Ventures’ head of mobile Rich Miner, a co-founder of Android, will join the company’s board alongside Accel lead mobile partner Rich Wong.

Accel entrepreneurs in residence Tom Moss and Mike Chan founded Nextbit, which has not revealed any information about its product plans.

Miner said, “What got me interested in Nextbit right away was the quality of the team and their ambition for the product.

“I have known the founders and many of the engineers since the early days of Android, and if there is any team that can pull off such an ambitious vision, it’s this team.”

Wong added, “What excites me is that the Nextbit team is taking a big swing at solving some of the fundamental issues in mobile computing.

“When Tom and Mike first told me about what they planned to do and the quality of team they were putting together, I immediately wanted to get involved.

“Companies like Nextbit are the reasons I came into VC, to work on companies taking an ambitious, huge swing in arguably the most important technology wave at our time [mobile computing].”

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