US-based games maker SCVNGR has raised $9m in funding from T-Venture, the venture unit of Deutsche Telekom, for its mobile payment service LevelUp. It is the second tranche of a larger Series D round investment, and brings the total raised from the round to $21m.
SCVNGR’s first close of the round in June raised $12m. Prior venture firm investors Balderton Capital, Highland Capital Partners, and Google’s venture arm Google Ventures were joined by newcomers Continental Advisors and media investor Transmedia Capital.
Last year Scvngr raised $15m in its second round led by venture capital firm Balderton Capital and repeat investors Highland Capital Partners and Google Ventures. Google Ventures and Highland had provided $4m in December 2009.
It is now valued at $172m, according to news provider Dow Jones VentureWire. SCVNGR plans to use the funding to spread LevelUp across the US, which is already available at 3,000 outlets.
T-Venture senior…
