RVP Invests $5M in Avalanche Technology

Rogers Venture Partners (RVP) announced today its investment of $5M in Avalanche Technology joining current investors Bessemer Venture Partners, Sequoia Capital, Thomvest Ventures, Qualcomm Ventures, Vulcan Capital and VTB Capital to complete a $35 million Series D round of financing

Palo Alto, Calif., March 8, 2013 – Rogers Venture Partners (RVP) announced today its investment of $5M in Avalanche Technology joining current investors Bessemer Venture Partners, Sequoia Capital, Thomvest Ventures, Qualcomm Ventures, Vulcan Capital and VTB Capital to complete a $35 million Series Dround of financing.

“RVP is very pleased to have the opportunity to partner with Avalanche Technology,” said Will Stewart, General Partner. “We have had a long and successful experience investing in Petro Estakhri, Founder/CEO, and the entire team at Avalanche.”

“RVP brings a wealth of global operating experience and real added value,” said Petro Estakhri, Co-Founder/CEO. “It is my pleasure yet once again to be working along side Will Stewart and the entire partnership at RVP.”
Avalanche Technology – Headquartered in Fremont, CA., Avalanche Technology has set out to fundamentally change the global memory industry with a disruptive low power non-volatile magnetic memory. Not only solving the technology scaling challenges faced by existing charge based memories, Avalanche is also enabling radical leaps in memory and storage system architectures. Avalanche’s solution is ideal for applications in nearly every
industry, from consumer electronics and mobile phones to satellites and engine control. For more information, please visit www.avalanche-technology.com Rogers Venture Partners (RVP) – Rogers Venture Partners (“RVP”) was established in 2012 as a $150M venture capital fund headquartered in Palo Alto.

The RVP team brings a wealth of global operating and investing experience. At RVP, every one of the partners has an operating background and, most importantly, all came from the high tech industry. As a result, our partners are deeply rooted in the operating ecosystem, allowing portfolio companies to better develop key partnerships and establish meaningful customer contracts. We look to take active roles within each portfolio company and are committed to working towards a common vision of revolutionizing the status quo. For more information, go to: www.rogersvp.com

For more information, please email contact@rogersvp.com

RVP Invests $5M in Avalanche Technology
March 8, 2013

RVP Invests $5M in Avalanche Technology

Palo Alto, Calif. -

Rogers Venture Partners (RVP) announced today its investment of $5M in Avalanche Technology joining current investors Bessemer Venture Partners, Sequoia Capital, Thomvest Ventures, Qualcomm Ventures, Vulcan Capital and VTB Capital to complete a $35 million Series D round of financing

Palo Alto, Calif., March 8, 2013 – Rogers Venture Partners (RVP) announced today its investment of $5M in Avalanche Technology joining current investors Bessemer Venture Partners, Sequoia Capital, Thomvest Ventures, Qualcomm Ventures, Vulcan Capital and VTB Capital to complete a $35 million Series Dround of financing.

“RVP is very pleased to have the opportunity to partner with Avalanche Technology,” said Will Stewart, General Partner. “We have had a long and successful experience investing in Petro Estakhri, Founder/CEO, and the entire team at Avalanche.”

“RVP brings a wealth of global operating experience and real added value,” said Petro Estakhri, Co-Founder/CEO. “It is my pleasure yet once again to be working along side Will Stewart and the entire partnership at RVP.”
Avalanche Technology – Headquartered in Fremont, CA., Avalanche Technology has set out to fundamentally change the global memory industry with a disruptive low power non-volatile magnetic memory. Not only solving the technology scaling challenges faced by existing charge based memories, Avalanche is also enabling radical leaps in memory and storage system architectures. Avalanche’s solution is ideal for applications in nearly every
industry, from consumer electronics and mobile phones to satellites and engine control. For more information, please visit www.avalanche-technology.com Rogers Venture Partners (RVP) – Rogers Venture Partners (“RVP”) was established in 2012 as a $150M venture capital fund headquartered in Palo Alto.

The RVP team brings a wealth of global operating and investing experience. At RVP, every one of the partners has an operating background and, most importantly, all came from the high tech industry. As a result, our partners are deeply rooted in the operating ecosystem, allowing portfolio companies to better develop key partnerships and establish meaningful customer contracts. We look to take active roles within each portfolio company and are committed to working towards a common vision of revolutionizing the status quo. For more information, go to: www.rogersvp.com

For more information, please email contact@rogersvp.com

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