High-Tech Gruenderfonds (HTGF), a Germany-based state and corporate-backed early-stage investment firm, has invested in Pylba, a mobile news service provider, as its first American deal.

US-based Pylba said it had raised $1.7m in its series A round from HTGF, several undisclosed strategic investors and business angels.

The money will help Pylba launch its product, Simply, in Germany.

Curtis MacDonald, investment manager at HTGF, said: “Pylba is our first investment directly into a US-founded startup with German founders. It was appealing…

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