CommerzVentures finds largesse for WeGift

Mar 3, 2021 • James Mawson

WeGift has boosted its series A-plus round to $12m with a $4m investment by Commerzbank's venture capital arm.

UK-based incentive marketing platform developer WeGift has added $4m from CommerzVentures, the corporate venture capital fund backed by financial services firm Commerzbank, to a series A-plus round now sized at $12m.

The company raised $8m in a November 2020 tranche led by AlbionVC and backed by Unilever Ventures and SAP.io, on behalf of consumer goods producer Unilever and enterprise software provider SAP respectively, in addition to Stride.vc.

WeGift has built a software platform that allows businesses to streamling the…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.

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