Powder Raises $14M Series A Led by Serena – The Esports Observer

French tech startup Unique Entertainment Expérience, which is doing business as Powder, announced that it has secured a $14M USD Series A financing round led by Paris-based venture capital firm Serena. Further investors include General Catalyst, Slow Ventures, Alven Capital, Banque publique d’investissement (Bpifrance) through its fund Digital Venture, Secocha Ventures, Turner Novak, and Kevin Hartz. 

The startup, which was co-founded in 2018 by Stanislas Coppin (CEO), Barthélémy Kiss (Chief Growth Officer), Yannis Mangematin (Chief Content Officer), and Christian Navelot (CTO), revealed that it intends to use its Series A proceeds to “increase the pace at which we are building the video infrastructure of social gaming.” 

This round of funding brings Powder’s total funding to $18M, after a pre-seed round of $400K in August 2018 (Kima Ventures, Antoine Martin, Alexis Bonillo), a seed round of $1.5M in March 2019 (General Catalyst, Slow Ventures, Dream Machine, SV Angel, Brian Pokorny, Florian Kahn, Guillaume Luccisano), and a seed round extension of $1.3M in May 2020 (Alven Capital, General Catalyst, Slow Ventures, Dream Machine, Seraam Invest, Farmers, Maxime Demeure, Jean-Nicolas Vernin) and funding from Bpifrance and CNC. 

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