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  • Promus Ventures leads Series B round for Spire
    Iris Dorbian- 30 June 2015

    Data solutions provider Spire has secured $40 million in Series B funding. Promus Ventures led the round with participation from Bessemer Venture Partners, Jump Capital, RRE Ventures and Lemnos Labs. In addition to the funding, Mike Collett, founder and managing director of Promus Ventures, has been appointed to Spire's board of directors.

  • The story of the year: Seed
    Alastair Goldfisher- 1 January 2015
  • Cendana founder Kim anticipates more seed funds
    Alastair Goldfisher- 1 January 2015

    Seed-stage investor and founder of Cendana Capital closes second with $50 million and separate direct investment vehicle with $17 million in commitments

  • GPS startup Swift Navigation bags $2.6 mln seed
    Iris Dorbian- 25 August 2014

    Swift Navigation has secured $2.6 million in seed funding. First Round led the round with participation from Fall Line Capital, Felicis Ventures, Kal Vepuri, Lemnos Labs, Qualcomm Ventures and VegasTechFund. Based in San Francisco, Swift Navigation is a provider of GPS technology.

  • RRE Ventures leads $25 mln Series A round in Spire
    Chris Witkowsky- 30 July 2014

    RRE Ventures has led a $25 million Series A funding round in Spire, a satellite-powered data company. Other investors participating in the funding round included existing and new investors Moose Capital, Quihoo and Mitsui & Co. Global Investment. Spire has raised a total of $29 million to date. It was originally incubated in Lemnos Labs. Spire is changing its name from Nanosatisfi.

  • Commercial drone startup Airware grabs $25 mln Series B
    Iris Dorbian- 24 July 2014

    San Francisco-based commercial drone startup Airware has closed $25 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Andreessen Horowitz and First Round Capital. In addition to the funding, Mike Abbott, a general partner at KPCB, has been added to Airware’s board.

  • Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target
    Alastair Goldfisher- 26 March 2014

    Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

  • Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target
    Alastair Goldfisher- 26 March 2014

    Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

  • Hardware-focused incubator Lemnos Labs raises $20 mln fund, beating target
    Alastair Goldfisher- 26 March 2014

    Co-founder Jeremy Conrad said new fund proves “hardware renaissance” is real; entrepreneurs are in catbird seat as VCs interested in hardware companies outnumber actual startups.

  • Draper Associates leads $1 mln Series AA round in VIRES Aeronautics
    Chris Witkowsky- 3 March 2014

    San Francisco-based VIRES Aeronautics, which develops airplane wing designs, has raised $1 million in a Series AA round of financing. Draper Associates led the funding round with participation from Lemnos Labs, VegasTechFund, Promus Ventures, Lance White, Don Hutchinson and Toivo Annus.