Hyperloop One co-founder sues company and Shervin Pishevar Hyperloop One, the company developing a high-speed transportation system based on vacuum tube technology, has been sued by recently ousted co-founder Brogan BamBrogan and three other current and former employees who charge that the company was driven apart by mismanagement and nepotism, creating a toxic workplace culture, Recode reports.The suit also names as defendants co-founder Shervin Pishevar, CEO Rob Lloyd, former chief legal officer Afshin Pishevar and investor Joe Lonsdale. IDG, Breyer Capital raise $1B for China-focused VC fund Venture firm IDG Capital Partners announced that it has raised a new fund totaling $1 billion, in partnership with Silicon Valley’s Breyer Capital. The new fund, IDG Capital Fund III, will focus on technology, media & telecommunications, healthcare, energy, and consumer products, both in China and in global companies looking to enter the Chinese market. True Fit raises $25M for size recommendation tech Try this one on for size. True Fit, a developer of technology that provides fit ratings and size recommendations to help online shoppers find clothing and shoes, has raised $25 million in Series B financing from Intel Capital, Jump Capital, and Signal Peak Ventures. The new funding brings total investment in True Fit, which sells its technology to retailers and brands, to $40 million. Are you in San Francisco and interested in participating in the CrunchBase User Advisory Board? Complete our application to participate in our upcoming panels starting on July 20 through the fall. | 
