Spark Microsystems secures CAD 17.5 mln financing

Wednesday 17 February 2021 | 08:29 CET | News
Canada-based fabless semiconductor company Spark Microsystems said it closed a CAD 17.5 million (USD 13.8 million) equity financing to accelerate commercialisation. Led by Cycle Capital, the round included new investors ND Capital, a Silicon Valley and Europe-based venture capital firm dedicated to disruptive technologies, and Export Development Canada, as well as existing investor Real Ventures and private investors. Proceeds will be used to fund high-volume manufacturing, sales ramp and expanded R&D for next generation products. 

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Categories: Mobile & Wireless
Companies: Export Development Canada / Spark Microsystems
Countries: Canada / World
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