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Mohr Davidow leads $25m Series D round for UK’s Zebit

24 May 2012

Mohr Davidow Ventures has led a $25m financing round for UK financial big data platform and individual micro-lender Zebit.

Crosslink Capital, Leapfrog Ventures, QED Investors and several private strategic advisors also took part in the Series D round, which Zebit parent company Global Analytics said would be used to expand the global growth of its brand.

Mohr Davidow general partner Bryan Stolle said, “Zebit fits right in with one of our major themes around big data, analytics-driven insights and execution to disrupt and/or create major markets.

“We know the platform works. Their initial launch market in the UK is a profitable $50m-plus business.

“We think this is an exceptional team chasing a very big opportunity, and we’re thrilled to be a strategic partner in this venture.”

Earlier this month Mohr Davidow took part in a $22m financing round for spending optimisation software provider Coupa Software.

The firm has spent the past 30 years investing in early and mid-stage technology-based startups including Ticketfly, ZeaChem and Genomatica.

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