Powder announced raising $14 million in series A round led by Serena.

France United States 09 February 2021
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Powder, a Paris, France-based app developer of a social gaming solution, announced that it closed on a $14m Series A.

The money was raised from a range of investors from France and international, led by Serena and including General Catalyst, Slow Ventures, Alven Capital, Bpifrance through its fund Digital Venture, Secocha Ventures, Turner Novak, and Kevin Hartz.

Powder, founded in 2019 by CEO Stanislas Coppin, Yannis Mangematin, Christian Navelot and Barthélémy Kiss, developed a mobile app that lets gamers quicly record highlights of their play. The company says that it is building the video infrastructure of social gaming, sourcing content from all gaming platforms via an ultimate companion app from which anyone can launch games with friends and that records highlights automatically.

Powder officially launched on the App Store on April 2020 and to date the platform has over 1.5 million downloads, with most of them coming from the US.

Prior to this round, Powder raised a total of $3.2 million.

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