The records management technology developer has secured $25m in equity and $15m in debt financing, just five months after closing a Legend Star-backed series A round.
Ripcord, a US-based records digitalisation technology startup backed by conglomerate Legend Holdings, raised $40m yesterday in a series B round consisting of $25m in equity financing and $15m of debt.
Icon Ventures led the round, which included fellow venture capital firms Kleiner Perkins Caufield & Byers (KPCB) and Lux Capital, as well as venture debt provider Silicon Valley Bank.
Ripcord is developing a system that uses robotics to digitise and simplify the management of records. Its module prints out barcodes…
