Mohr Davidow Ventures related stories
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Mohr Davidow Ventures raises $52mView the latest capital raises
- VC-backed Kabbage hires a CTO and a data chief
Atlanta-based Kabbage https://www.kabbage.com/ a financial services tech and data platform, has named Amala Duggirala as chief technology officer and Rama Rao as chief data officer. Previously, Duggirala was executive vice president of global software development and implementations services at ACI Worldwide while Rao was head of analytics and insights at eBay’s global risk, policy and compliance organization. Kabbage's backers included Reverence Capital Partners, SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures, the UPS Strategic Enterprise Fund, ING, Santander InnoVentures, Scotiabank and TCW/Craton.
- Webscale Networks grabs $12 mln
Silicon Valley-based Webscale Networks, a provider of multi-cloud web application delivery, has secured $12 million in funding. Mohr Davidow Ventures led the round with participation from other investors that included Benhamou Global Ventures, Grotech and Silicon Valley Bank. In conjunction with the funding, Jim Smith, a general partner at MDV, and Anik Bose, a general partner at BGV, have been added to Webscale's board of directors.
- Verizon to acquire VC-backed Sensity Systems
Verizon Communications Inc has agreed to buy Sunnyvale, California-based Sensity Systems, an IoT platform provider. No financial terms were disclosed for the deal that's expected to be completed in the fourth quarter of this year. Pagemill Partners served as financial adviser to Sensity on the deal. Sensity's backers include Almaz Capital and Mohr Davidow Ventures.
- Kabbage looks for fresh funding: sources
Online lender Kabbage, which has raised five rounds totaling $240 million, is looking for additional capital, sources said.
- VC-backed Kabbage adds three to team
Atlanta-based Kabbagehttps://www.kabbage.com/ a financial services data and tech platform, has beefed up its personnel with several significant new hires. The firm has named Jeff Hodges as chief financial officer and Scott Askins as general counsel and secretary. Also, Richard Schafrann has been tapped to lead Kabbage's capital markets staff. Previously, Previously, Hodges was CFO of Official Payments while Askins was vice president, assistant general counsel and assistant secretary for WebMD Corp. Schafrann is a former managing director at Goldman Sachs. Kabbage's backers include Reverence Capital Partners, SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures and Santander InnoVentures.