Novel TMT was among the investors in a round that will enable the tattoo technology developer to expand its team and create new products.
Inkbox, the Canada-based creator of semi-permanent tattoos, has received $13m in a series A round backed by Novel TMT, the corporate venturing arm of telecommunications company Novel Group.
Venture capital firm Maveron led the round, which also featured Founders Fund, Cassius, Golden Ventures, KDWC Capital and Flight Ventures. It included $3m of venture debt from Silicon Valley Bank.
Inkbox has developed a process it claims can create the first realistic semi-permanent tattoos. It will put the funding toward increasing headcount,…
