AAA Google Ventures snags SCVNGR

Google Ventures snags SCVNGR

Google’s corporate venturing unit has helped SCVNGR,  maker of the eponymous mobile game, and LevelUp,  an app which lets you pay with your phone, raise $12m.

Google Ventures was joined in the round by venture firms Highland Capital Partners, Balderton Capital, Continental Investors and Transmedia Capital.

The company’s LevelUp now has 200,000 users which are spending $2m per month with the app.

Last year Scvngr raised $15m in its second round led by venture capital firm Balderton Capital and repeat investors Highland Capital Partners and Google Ventures. Google Ventures and Highland had provided $4m in December 2009.

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