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 to us to find a young company that combines the dynamics and no-compromise design approach of a US startup with the strength of a very experienced German engineering team.” MacDonald said his other portfolio companies are: Basecase , Tiramizoo, Eyefactive, ML-C Mobile Location Company, Autoloader, TrustedSafe, Ezeep and Cubical.

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