MBM advises Immense Simulations on $4.6m Series A funding
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Kenny Mumford
MBM Commercial has advised Immense Simulations on its Series A funding, taking the lead role in drawing up the key agreements and helping project manage the deal.
Partner Kenny Mumford and associate Craig Edward within the corporate group guided Immense through each stage of the round, from the due diligence process to a successful closing.
Immense was founded in 2016 as a spin-out from the UK government’s Catapult programme. The platform uses simulation and AI to revolutionise how transport stakeholders make decisions about the movement of people and goods.
The Series A funding was co-led by global technology investor, Amadeus Capital Partners and Global Brain Corporation, one of the largest Japanese technology venture capital investment firms. Further investment was made by 31 Ventures, part of the Mitsui Fudosan Group.
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