Venture

The Briefing: F5 Acquires Volterra For $500M, Jobandtalent Raises $108M, And More

The Briefing

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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F5 Networks acquires Volterra in $500M deal

F5 Networks, a publicly traded provider of application security and delivery tools, announced that it is acquiring Volterra, a distributed cloud services company.

Under terms of the deal, Seattle-based F5 said it will pay $440 million in cash and “approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees.”

Founded in 2017, Santa Clara, California-based Volterra previously raised $50 million in known venture funding, per Crunchbase data.

Funding rounds

  • Affinivax lands $226M for vaccine program: Cambridge-based Affinivax, a biopharmaceutical company focused on a pipeline of vaccines targeting infectious diseases, closed on a $226 million Series C round of funding co-led by new investors Rock Springs Capital and Foresite Capital.
  • Jobandtalent raises $108M: Madrid-based Jobandtalent, an online platform for finding and filling  gig-type jobs, raised $108 million in an extension to its Series C round led by InfraVia.
  • Outstanding Food bags $10M to roll out healthy snacks: Plant-based food company Outstanding Foods, headquartered in Venice, California, raised $10 million in Series A financing led by SternAegis Ventures to expand its retail and direct-to-consumer footprints.

Public offerings

  • Bakkt eyes public debut via SPAC: Cryptocurrency platform Bakkt is in advanced talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, according to a Bloomberg report citing people with knowledge of the matter.

Illustration: Dom Guzman

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