Dubsmash raises Series B round
The Berlin-based startup Dubsmash announced a Series B round Wednesday. The lip-syncing video app raised about €9 million with Sunstone Capital, who led the round. Index Ventures, Balderton Capital, Eniac Venture, and Lowercase Capital also participated. The startup said it plans to restructure the company and lay off seven people.
Clue closes €20 million round
The Berlin-based menstrual cycle app Clue announced a large funding round Wednesday: A $20 million Series B round, led by Nokia Growth Partners. Participants also included Union Square Ventures, Mosaic Ventures, Brigitte Mohn and Christophe Maire. Giving Wings and Fabrice joined as new investors in the round.