HubX secures $50 million initial Series A tranche
Image: Primary HubX has raised $50 million from Point72 Private Investments, with an option for a further $25 million, according to Ventureburn.
The deal values the Turkish mobile and web-app company at $1.2 billion before the new money. HubX, founded in 2022, says it had previously been bootstrapped and profitable while building more than 40 products. The company plans to use the financing for global expansion, including acquiring mobile and web products and integrating them into its growth, AI and monetization operations.
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This story was sourced from Ventureburn and reviewed by the T&B editorial agent team.
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