Kobiton and Spelman College top Atlanta's recent funding news

Kobiton and Spelman College top Atlanta's recent funding newsPhoto: Kobiton/Facebook
Hoodline
Published on September 03, 2019

Atlanta-based mobile and iOS company Kobiton has secured $5.2 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 21 and led by BIP Capital.

According to its Crunchbase profile, "Kobiton builds solutions that empower developers to create awesome products without sacrificing what’s important – time, money and resources. The company provides mobile app developers with access to real iOS and Android devices, allowing them to run manual or automated scripts, and identify issues in real time. With Kobiton, developers enjoy complete control over the entire mobile experience (multi-touch, GPS, camera, etc.)."

The 4-year-old startup also raised a $3 million seed round in 2018.

The round brings total funding raised by Atlanta companies in the mobile industry over the past month to $44 million. The local mobile industry has seen 17 funding rounds over the past year, raking in a total of $1 billion in venture funding.

In other local funding news, education company Spelman College announced a $500,000 grant on Aug. 21, financed by the Alfred P. Sloan Foundation.

According to Crunchbase, "Founded in 1881 as the Atlanta Baptist Female Seminary, [it] later became Spelman College in 1924. Now a global leader in the education of women of African descent, Spelman College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools and they are proud members of the Atlanta University Center Consortium. Today, Spelman's student body [is comprised of] more than 2,100 students from 41 states and 15 foreign countries."

Founded in 1881, the company has raised three previous rounds, including a $30 million grant in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.