
Weaveworks raises $15m series-B from GV and Accel
London- and San Francisco-based software business Weaveworks has raised a $15m series-B from GV and Accel.
The round brings the startup's total funding to $20m to date. With the fresh capital, the business aims to increase investment in developer experience and commercial cloud services. It also plans to hire in San Francisco, London and Berlin.
In February 2016, Accel participated in the $40m series-C for London-based cloud marketing platform Qubit, which was led by Goldman Sachs' private equity arm.
GV's last acitivity in the UK saw the VC leading the $21m series-B for Cambridge Epigenetix, which develops epigenetic sequencing technology.
Previous funding
In December 2014, Accel invested in Weaveworks' $5m series-A.
Company
Founded in 2014 and based in London and San Francisco, Weaveworks creates software tools for managing, monitoring and securing containers. The business claims it provides a way to connect and manage all the moving parts of container logistics.
People
Weaveworks – Alexis Richardson (CEO)
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater