Aerohive Bags Mezz Financing

Aerohive, the California-based Wi-Fi and cloud enterprise networking company, has taken on a $22.5 million round of mezzanine equity financing led by VC Institutional Venture Partners. Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, New Enterprise Associates, Northern Light and Four Rivers also participated in the funding. Aerohive was founded in 2006 and had previously raised $72 million in funding, according to a statement.

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