Ganley’s Rivada set to close new funding round of $50 million

Galway entrepreneur Declan Ganley’s US company Rivada, where board members include former senior figures of US government administration, is set to close fresh funding that substantially boosts the value of the company.

The amount raised is in the region of $50 million, The Sunday Business Post understands. When contacted, Ganley confirmed that a financing process was in train, but declined to comment on any detail around figures.

However, he ...