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Tanis Venture Management, Mill Town Capital, And Vtc Ventures Announce Acquisition Of Dive Technologies By Anduril Industries

PRIVATEFeb 04, 2022

Acquiring Company

Tanis Venture Management

Acquired Company

Anduril

Costa MesaFinancial ServicesScience And EngineeringInformation TechnologyPrivacy And SecuritySoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Description

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.

Quick answer

Tanis Venture Management and Virginia Tech Carilion Ventures are acquiring Anduril, announced February 4, 2022.

How much did Tanis Venture Management pay for Anduril?
The deal value was not disclosed.
What does Tanis Venture Management do?
Tanis Venture Management, LLC is a venture capital firm based in New York City.
Where are Tanis Venture Management and Anduril based?
Anduril is based in Costa Mesa, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Tanis Venture Management

About

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

Virginia Tech Carilion Ventures

About

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.

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Frequently asked

Who acquired Anduril?

Anduril was acquired by Tanis Venture Management. The deal was reported on February 4, 2022. Tanis Venture Management, LLC is a venture capital firm based in New York City. Tanis Venture Management is privately held and operates in Financial Services.

When did Tanis Venture Management acquire Anduril?

Tanis Venture Management's acquisition of Anduril was reported on February 4, 2022. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Anduril do?

Anduril It is privately held, operating in Software, and is based in Costa Mesa.

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