Rogers Venture Partners (RVP), the $150m corporate venturing unit of Canada-based phone operator Rogers Communications, has invested $5m in Avalanche Technology, a US-based memory chip manufacturer, to complete its $35m series D round.
Will Stewart, general partner at RVP, said: “We have had a long and successful experience investing in Petro Estakhri, Founder/CEO, and the entire team at Avalanche.”
In August, US-based chip manufacturer Qualcomm’s corporate venturing unit Qualcomm Ventures helped Avalanche Technology initially close its D round at $30m.
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