Tanis Venture Management, Mill Town Capital, And Vtc Ventures Announce Acquisition Of Dive Technologies By Anduril Industries
Tanis Venture Management, Mill Town Capital, And Vtc Ventures Announce Acquisition Of Dive Technologies By Anduril Industries
02/04/22, 3:03 PM
Location
orange countyIndustry
science and engineering
financial services
privacy and security
information technology
Tanis Venture Management (“Tanis”), Mill Town Capital, and Virginia Tech Carilion Innovation Fund & Seed Fund (“VTC Ventures”) today announced the acquisition of their portfolio company, Dive Technologies, Inc. (“Dive”), a Boston, MA-based subsea robotics designer and manufacturer, by Anduril Industries, Inc., a defense technology company. Tanis led Dive’s most recent fundraising round in 2020 and served as the Company’s outside board director. Mill Town Capital provided the first institutional funding to Dive in 2018 and participated in each equity round. Tanis and Mill Town were joined in their investments by VTC Ventures.
Company Info
Company info
Tanis Venture Management, LLC is a venture capital firm based in New York City. Co-founded by Jack Seaver, Alex Seaver, and Brad Kent, Tanis invests in early-stage companies with access to non-dilutive R&D funding and works closely with scientists and founders to commercialize cutting-edge technology in the biotech and defense industries.
Company info
Managed by Middleland Capital, a leader in the global agriculture technology sector, VTC Ventures is a private investment fund focused on early-stage life science and technology opportunities across the Commonwealth of Virginia and opportunities outside Virginia with a connection to Virginia Tech or Carilion Clinic. The Fund invests through two investment vehicles: the VTC Innovation Fund (Series A / B) and the VTC Seed Fund (seed stage). VTC Ventures aims to partner with exceptional management teams to commercialize innovative technologies, accelerate growth, and build long-term value. For more information, please visit www.vtcventures.com.