Serena Capital, 2CRSi et al. invest €30m in Blade
A consortium of investors has backed a €30m series-B round for Blade, the France-based operator of cloud computing service Shadow.
France-based venture capital investor Serena Capital, business angels Nick Suppipat and Erik Maris, and corporate 2CRSi joined the round.
Serena invested via its V13 fund, which is specialised in gaming and entertainment, according to a statement.
Jérôme Arnaud has been appointed as the new CEO of Shadow. The fresh capital will be used to launch new products.
Previous funding
This new increase in capital brings the total amount raised by Blade since inception to €100m. Around 20 business angels first invested $14.6m in the startup and two years ago a €51m series-A was raised for Blade, according to Techcrunch.
Company
Founded in 2015, Blade operates Shadow, a cloud gaming PC. Clients can subscribe to the service and play from several devices (computer, smartphone, television, tablet). It currently has 200 employees based in Paris and San Franciscom, and serves 70,000 clients.
People
Shadow – Emmanuel Freund (co-founder); Jérôme Arnaud (CEO).
Serena Capital – Kamel Zeroual (partner).
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