Detroit’s Ludlow Ventures goes for fund four

Detroit’s Ludlow Ventures goes for fund four

Ludlow Ventures, an 11-year-old, Detroit-based seed-stage venture firm, is in the process of closing on $65 million in capital commitments for its fourth and newest fund, shows SEC paperwork filed this week. We reached out to firm founder Jonathon Triest, who declined...
F5 snags Volterra multi-cloud management startup for $500M

F5 snags Volterra multi-cloud management startup for $500M

Applications networking company F5 announced today that it is acquiring Volterra, a multi-cloud management startup, for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation. Volterra emerged in 2019...
Daily Crunch: Facebook bans Trump for two weeks

Daily Crunch: Facebook bans Trump for two weeks

Online platforms take action against President Trump, Lenovo tries out a swiveling screen and Roblox raises $250 million. This is your Daily Crunch for January 7, 2021. The big story: Facebook bans Trump for two weeks After a pro-Trump mob stormed the U.S. Capitol...
Text marketing startup Voxie raises $6.7M

Text marketing startup Voxie raises $6.7M

Like many startups, Atlanta-based Voxie was created to solve a problem that founder and CEO Bogdan Constantin faced himself. In Constantin’s case, this was at his previous tuxedo rental startup Menguin (ultimately acquired by Generation Tux), where he said he had to...