- Veeve (fka Vive Unique), a London, UK-based home sharing service, raised a new funding round. Existing backer Smedvig Capital made a new investment in the company bringing total funding provided to date to $11 million. The company intends to use the funds to build out its mobile logistics platform, develop the customer experience and further grow home and guest acquisition consolidate its position in London.
- Logitech International, a video communications solutions provider, today announced that its Lifesize division has separated from the Company to become Lifesize, Inc., a private entity. Three venture capital firms – Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners – have invested $17.5 million into Lifesize and join Logitech as shareholders. Logitech will hold a 37.5 percent share in the company, based on shares outstanding immediately following the investment.
- In its series B round of Funding, science backed logistics service provider Truck First Services Pvt Ltd. which works under the umbrella of Rivigo has managed to the trust of SAIF Partners investors and has raised $30 million funding. Right now, the company is equipped with 150 trucks its own and it services 170 unique routes across 18 distinct route type. Rivigo (then trucksfirst) was founded in 2014 by Deepak Garg and Gazal Kalra with a unique operating model that has enabled it to consistently and reliably provide unparalleled delivery times to clients, while improving the quality of life of truck drivers.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: bbj.hu
