BlueDot innovation factory raises $10.1million

Image: Naveen Jain
BlueDot CEO Naveen Jain at his office in Bellevue, Wash. (GeekWire photo)

BELLEVUE, Wash. – BlueDot, the “innovation factory” founded by serial tech entrepreneur Naveen Jain, says it has completed a $10.1 million Series A funding round with an assist from the likes of XPRIZE founder Peter Diamandis.

Jain told GeekWire that Diamandis’ breakthrough investment fund, Bold Capital Partners, is among the participants in the round. So is Soma Somasegar, a former Microsoft executive who is now a venture partner at Madrona Venture Group. And so is CerraCap Ventures, a fund that made a splash late last year with its investment in Special Occasions, NDTV’s online wedding planning platform in India.

“Bold Capital, CerraCap Ventures, I and many other successful executives and entrepreneurs invested in the round,” Jain, who was born in India, confirmed in an email today. He said the round valued BlueDot at $60 million.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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