San Jose, CA – April 25, 2018 – Innovium, Inc. a leading provider of networking solutions for data centers, announced $77 Million in Series D funding today. The new round, which brings Innovium's total financing since inception to over $160M included investment from venture capital firms Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures.
Next Trucking , a trucker-centric online marketplace that connects carriers with shippers, announced it will double its headcount this year thanks to growing demand for its services. Following a February infusion of $21 million in funding led by Silicon Valley venture capital firm Sequoia Capital, the California-based company added six new roles to its executive management team.
Ottawa saw an increase in VC deal volume in the first quarter of 2018, though most of the boost can be traced to a single firm's series-C. Local firms collectively raised $14 million across five deals in the first three months of the year, according to PwC and CB Insight's Q1 MoneyTree Canada report.
A Westport venture capital fund is among the investors in Rallybio, a Farmington startup that announced on Wednesday initial funding totaling $37 million under former research heads of Alexion Pharmaceuticals. RallyBio is developing drugs for rare diseases, with investors including Canaan Partners in Westport, 5AM Ventures in Boston, New Leaf Venture Partners in New York City, and the state-backed Connecticut Innovations fund in Rocky Hill.
Boston-based SidelineSwap , which provides an online marketplace for athletes to buy and sell sports gear and equipment, said it has raised $5 million in Series A funding. Global Founders Capital led the round, with participation from David Robinson 's Admiral Capital , Peak6 Sports , RiverPark Ventures , FJ Labs and The Player's Impact , a group of professional athletes and Olympians.
The founding partners of the new Seattle-based venture firm Flying Fish met as angel investors deploying capital in the talent-heavy, cash-light region around Amazon and Microsoft's corporate headquarters. "We've underperformed relative to the talent pool," is how Heather Redman, one of the firm's three founding partners describes the region.
Global fintech funding hit a new quarterly record at the start of 2018, according to venture capital industry tracker CB Insights. VC-backed fintech companies raised $5.4 billion across 323 deals globally in the first quarter, according to CB Insight's latest fintech report, released on Monday.
Over 1,000 students gathered at Bovard Auditorium Monday night for the annual USC TAMID Tank, which allowed several students to pitch to a venture capitalist panel for potential investment. Daniel Newman, who founded TAMID Tank at USC last year, was inspired by the organization's chapter at Queens College.
Apr 24, 2018-- Culture Trip , the fast-growing startup providing cultural and travel inspiration to users looking to explore the world, today announced $80M in funding. This large series B investment further demonstrates that Silicon Valley-sized startup deals are continuing in Europe.
Google shared a result from its years of prodigious startup investing for the first time on Monday: The holdings are worth about $11 billion, based on company estimates. Alphabet Inc. to disclose the fair value for its private stock holdings in earnings reports starting this year.