Union Square and Mosaic join $20m series-B for Clue

The round was led by Nokia Growth Partners and saw participation from existing backers, as well as several high-net-worth individuals. Following the transaction, the company takes its total capital raised to $30m.

The company hopes to use the capital injection to further develop its product, as well as expand its Berlin-based team and move into the US market.

Previous funding
Union Square and Mosaic Ventures led a $7m series-A round for the business in October 2015.

Company
Founded in 2013 and headquartered in Berlin, Clue is a period and fertility tracking app that helps users predict their periods, fertile windows and premenstrual syndrome. The company claims to have two million users in 180 countries.

People
Nokia Growth Partners – Walter Masalin (principal).
Clue – Ida Tin (CEO).

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