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
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.
- 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.
- 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