GapMinder Venture Capital said in a statement that its investment in Deepstash reaches $1.1 million.
The investment will be used mainly to grow the business by speeding up the acquisition of new users and also to develop products.
Besides GapMinder’s additional investment in Deepstash, the $3 million Late Seed round included Connect Ventures (which conducted the round), Cultivate Capital and various European and American angel investors.
Throughout 2020, GapMinder VC has closed other 19 initial or additional investment rounds. GapMinder VC targets innovative technology companies with high potential of international expansion, in fields such as IT services and software, cyber security, artificial intelligence, digital transformation, IT healthcare solutions, FinTech etc.
GapMinder’s portfolio includes companies such as TypingDNA, Frisbo, SmartDreamers, Soledify, Cartloop and Innoship.