Product category:
Communications ICs (Wired)
News Release from: Xemics
Edited by the Electronicstalk Editorial
Team on 02 November 2001
Xemics raises $6 million venture capital
Xemics has closed another round of venture capital financing of $6 million following the previous round of $7 million completed last March 2001.
Xemics has closed another round of venture capital financing of $6 million following the previous round of $7 million completed last March 2001 Recognising Xemics strong technology assets and business potential, all the company's previous venture capital investors and two new venture capital funds participated in these rounds
This article was originally published on Electronicstalk on 19 Dec 2001 at 8.00am (UK)
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They are: TAT Investments; Banexi Ventures; Innoventure Capital; Cantonal Bank of Vaud; Yasuda Enterprise Development; and Vontobel European Ventures.
Other existing shareholders include institutional investors and Xemics' management.
As expressed by Alain Dantec, CEO of Xemics, "This additional funding will allow us to complete our family of ultra low-power Bluetooth solutions for personal area networks and to expand our market presence, especially in the USA and in the Far East".
"Xemics has proven its expertise in the low-power world", said Dantec.
"We're excited and committed in helping build Xemics into a market leader".
"We believe Xemics is well positioned to deliver a wide range of advanced short-range wireless connectivity solutions to its customers around the world", said Michel Desbard, Chief of the Board.
"Our investment supports Xemics' strong business plans and vision and we believe in Xemics' success in this ever-growing industry".
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