The main investor, TQ Ventures is based in US, a market that is already generating 60% of the company’s revenue and will be its main expansion target.
Other investors in the series B round of funding are Smedvig Capital, Endeavour and Verve Ventures (new ones) and GapMinder, Hoxton Ventures and Karma Ventures (existing). The money will be used to step up international expansion of Druid, especially on the US market, the company said.
(English version by Loredana Fratila-Cristescu)