IGA Worldwide gains latest funding from T-Venture Funds as a new investor as part of a wider round.
T-Venture Funds, the corporate venturing division of Germany-based phone operator Deutsche Telecom, has led the undisclosed round of funding for IGA Worldwide, a US-based advertising company for games.
Return backers included venture debt investment firm Kreos Capital and venture capital firm Easton Capital.
IGA closed its series B equity round at nearly $30m from Intel Capital, the corporate venturing division of chip maker Intel; Presidio STX, a subsidiary of Japan-based conglomerate Sumitomo; Japanese industrial conglomerate Itochu; Peacock Equity, a $250m corporate venturing fund backed by industrial conglomerate General Electric and its media subsidiary NBC Universal; KTB Ventures, the US subsidiary of Korea’s largest private equity firm backed by some of the country’s largest corporations, including Samsung, LG, SK Telecom and Hyundai; and VCs Easton, Translink Capital, Morgenthaler Ventures and DN Capital.
In 2006 IGA secured a first close of $12m in its initial round of institutional financing from Easton, Morgenthaler and DN Capital.
