New story
Dandar Woo
in
Finance
December 1 19:37

Storm Ventures closes its sixth fund with US$130 million

The fundraising commenced at the end of 2018. The VC had closed its preceding round with US$180 million in 2015
147
0
Storm Ventures, a VC based in Menlo Park, California, acquired US$130 million through a new fundraising round, a SEC announcement reveals. 
Storm is an innovative VC that differs from other firms by focusing on early-stage and stage A startups, such as mobile, SaaS and cloud infrastructure companies.
Storm’s most current and prospective investment is Workato, a rapidly developing work automation platform based in Cupertino, California. In November it reported the allocation of US$70 million in series C led by Redpoint.
Another Storm’s investment is Honeycomb, a San Francisco-based startup, whose service helps to approach production precisely and offer faster problem-solving techniques. The startup acquired US$11.4 million in Series A funding led by Scale Venture Partners several months ago.
Storm joined the Talview Series A round, which closed at US$6.75 million in summer. The startup is based in Palo Alto, California and engaged in a talent management and recruitment processes.
Storm is also one of the first investors of Pipedrive software startup founded in 2010. Storm sued the startup when it closed its Series C funding in 2018. Pipedrive was accused of distribution of less shares to the VC than it had been entitled, based on the amount of Storm's US$ 800,000 investment made in 2013.