Tile, a US-based manufacturer of bluetooth tracking devices backed by internet portal Tencent, received a $3m extension for its series A round from Khosla Ventures yesterday, boosting the round to $12.5m.
Tile disclosed a $9.5m initial tranche in October 2014, led by GGV Capital, when the company revealed it had secured a combined $13m in funding.
Tencent led Tile’s $3.5m seed round. Tandem Capital, Rothenberg Ventures, AME Cloud Ventures, Slow Ventures and a range of private investors have also backed Tile. The company secured $2.6m as part of a crowdfunding campaign in 2013.
Tile, incubated by mobile accelerator Tandem Capital in 2012, manufactures small bluetooth-enabled location devices that can be attached to keychains or other valuable items, and enables the owner to track down an item if they misplace it. Other users of the smartphone app can help locate an item should it have been lost in public.
Mike Farley, chief executive and co-founder of Tile, said: “This funding allows us to continue scaling to meet the needs of our growing community, introduce exciting new products and, ultimately, expand the Tile platform to meet new needs.”