The Unilever-backed augmented reality game developer has secured $5.8m to grow its presence in the UK and expand internationally.
Snatch, a UK-based augmented reality (AR) game developer backed by consumer goods manufacturer Unilever, has closed a £4.4m ($5.8m) seed round led by venture capital firm Initial Capital, Tech.eu has reported.
The round also included contributions from Silicon Valley Bank, First Minute Capital, CrunchFund, Simon Equity Partners, Cassius Family Fund, Hanson Asset Management and Velocity Capital Advisors.
Snatch has created a virtual treasure hunt AR game available in the UK on the Android and iOS mobile operating systems that is…