Private Equity
Veeam Software, a Baar, Switzerland-based provider of data management solutions for the public and private cloud, has secured a US$500 million investment. The investment was made by U.S. venture capital and private equity firm Insight Venture Partners, with "strong" participation from Canada Pension Plan Investment Board (CPPIB). Founded in 2006, Veeam provides backup solutions that enable intelligent data management for more than 325,000 customers worldwide. The deal's proceeds will help accelerate the next phase of the company's organic and acquisition-based growth.
5 min read · 16 January 2019
BlueRun Ventures, an early-stage venture firm, has closed its sixth fund at $130 million. The fund will focus on mobile software and services, financial technology and digital health.
2 min read · 16 January 2019
PowerDot, a app-based smart muscle stimulation device, has secured an undisclosed amount of funding. The investor was Next Ventures.
1 min read · 16 January 2019
Xpansiv, "a bridge between commodity-production systems and global markets," has raised $10 million in Series A funding. BP Ventures, Avista Development, S&P Global and Energy Innovation Capital led the round.
1 min read · 16 January 2019
Silicon Valley-based Teklon, a cloud platform that offers automotive retail technology, has raised an undisclosed amount of funding. Alliance Ventures, Renault-Nissan-Mitsubishi's venture capital arm, was the investor.
1 min read · 16 January 2019
Austin, Texas-based Outdoorsy, an outdoor recreation marketplace, has raised $50 million in Series C funding. Greenspring Associates led the round with participation from Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital.
1 min read · 16 January 2019
Everfi Inc, an edtech company, has named Ellen Patterson as chief operating officer. Previously, she was the company's chief revenue and partnership officer. Everfi's backers include Amazon CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, TPG Growth, The Rise Fund and Advance Publications.
3 min read · 16 January 2019
Israel-based Foretellix, an autonomous car safety verification company, has secured $14 million in Series A funding. The lead investors were 83North, Jump Capital and Nextgear Ventures.
1 min read · 16 January 2019
UK and Maryland-based Isotropic Systems Ltd, a next-generation integrated satellite terminal solution provider, has raised $14 million in Series A funding. Boeing HorizonX Ventures led the round with participation from WML, Space Angels and Space Capital.
1 min read · 16 January 2019
Linear B, founded last year to provide workforce analytics platform for software engineering teams, announced it has raised $1.6 million in seed funding from a group of Israeli-based individual investors. The round was led by serial entrepreneur and investor Ariel Maislos. The company, which has offices in Los Angeles and Israel, was co-founders by CEO Ori Keren and COO Dan Lines, former engineers with CloudLock, which was acquired by Cisco in 2016.
1 min read · 16 January 2019
