Mensa Brands announced the closure of its Series A funding round, raising approximately $50 million. The round was led by Accel Partners, Falcon Edge Capital, Norwest Venture Partners as well as prominent angel investors such as Kunal Shah, Mukesh Bansal, Rahul Mehta of DST Global, and Scott Shleifer of Tiger Global. Additionally, debt financing facilities from Alteria Capital and InnoVen Capital are also secured, the company stated.
According to the startup the fund will be used to nurture, accelerate and scale digital-first brands.
