Ripcord raises $25 mln in GV deal


Ripcord said it raised $25 million in a deal led by GV, formerly Google Ventures.

The new money brings the company’s Series B total to $65 million. Backers of the round include new investor Telstra Ventures and existing investors Icon Ventures, Kleiner Perkins Caufield & Byers, Lux Capital and Silicon Valley Bank.

Total funding to date is $74.5 million.

The Hayward-based records management company said it is launching Ripcord Canopy 2.0.