30 June 21

Ably announces $70 million Series B funding

Triple Point Ventures is delighted to announce its participation in Ably’s $70 million Series B funding led by Insight Partners, Dawn Capital, and alongside existing investors, Digital Horizon VC, Forward Partners, and MMC Ventures
 
The investment will enable Ably to reach new heights, as they are projected to power synchronized digital experiences in realtime for one billion devices per month by 2023.  
 
Read the announcement article here - ably.com
 
Triple Point Venture Fund VCT first invested in Ably in 2019.


Risk Warning: The Triple Point Venture Fund VCT carries all the risks of investment in smaller companies and places investor’s capital at risk. Tax treatment depends on the individual circumstances of each client and is subject to change. Tax reliefs depend on the VCT Fund maintaining its qualifying status.