A mobile-based credit service that allows gamers to play and pay later has caught the eye and capital of corporate venturing outfit, Bertelsmann Asia Investment Fund, and venture capital firm, Sequoia Capital. The China-US outfit, Mo9, has raised millions of dollars in this series B round, according to the gaming sector press.
Bertelsmann Asia Investment Fund, a division of Germany-based media conglomerate Bertelsmann, has invested alongside venture capital investor Sequoia Capital in a series B round for Mo9, a mobile-based credit service geared up for online gamers. The deal is worth millions of dollars, but financial details of the series A and B rounds have been kept undisclosed. News of the deal was first reported in late August.
The company was founded by a group of former PayPal employees and is run by…
