California-based startups innovation hub GSVlabs announced on Monday it secured $7 million through its Series B financing round, which was led by a syndicate of private investors, including partners from the leading Latin American asset manager HMC Capital. Founded in 2012, GSVlabs engages with startups, corporations, international agencies, mentors, universities, investors, thought leaders, and non-profits. The hub revealed:
“Silicon Valley isn’t just a location in California; it’s a mindset that inspires entrepreneurship, collaboration between the best and brightest, and mentorship. NestGSV, Inc. (d/b/a GSVlabs) offers a highly curated, immersive experience that provides startups with invaluable resources such as coworking space, education, networking, venture capital, and mentorship from more than 150 industry veterans and thought leaders.”
As part of the investment round announcement, GSVlabs also announced the appointment of Nikhil Sinha as CEO and GSV partner. Sinha stated:
“I am thrilled to be joining the GSVlabs team at this exciting inflection point for the company. GSVlabs is creating powerful network effects by connecting Silicon Valley to innovation centers around the world while connecting the world to Silicon Valley. We have the opportunity to build a special company.”
Michael Moe, GSVlabs Board member and Executive Chairman of GSV Capital, then added:
“Nikhil brings a unique blend of experience to GSVlabs spanning venture capital, as well as executive roles in both the corporate and academic sectors. We couldn’t be more excited to have him lead the platform. We are also pleased to see GSVlabs add a high caliber investor group that not only supports the company’s vision, but also has the experience and connectivity to support its execution against a global opportunity.”