Dive Technologies Raises $4M Equity Funding
Dive Technologies, Inc., a Boston, MA-based subsea robotics designer and manufacturer, raised $4m in a new round of equity funding, bringing total funds raised to date to $9.5m. The round was led by Tanis Venture Management which was joined by other investors including Virginia Tech Carilion Innovation Fund, Mill Town Capital, Virginia Tech Carilion Seed Fund, Cavalier Angels, and Charlottesville Angel Network. Dive’s venture debt financing is through MassDevelopment’s Emerging Technology Fund. The company intends to use the funds to scaling the technology and the business. The new capit...
Source: finsmes.com