Memory technology developer Avalanche Technology has confirmed a $23m funding round that featured existing investor Rogers Communications.
Rogers Venture Partners (RVP), the corporate venturing subsidiary of telecommunications company Rogers Communications, has invested in US-based memory technology producer Avalanche Technology as part of a $23m funding round.
VTB Capital, the venture capital arm of financial services group VTB, also took part in the round alongside Thomvest Ventures aand Vulcan Capital. The equity funding was raised alongside a “substantial” debt facility supplied by Horizon Technology Finance.
Although Avalanche has not confirmed it, the round is likely the same as…
