Magnum completes $27M round for digital equipment chips

May 27, 2007 | Matt Marshall

Magnum Semiconductor, a Fremont, Calif. company that makes chips and software for DVD recorders, media centers, camcorders and other entertainment devices, has finished raising its $27 million round.

This was expected. Two weeks ago, we reported it had raised $20 million, and was expecting to raise another $7 million.

The financing round was led by Investor Growth Capital (as mentioned in our original post), but included new investments from WK
Technology Fund, KTB Ventures, and Gold Hill Capital, none of which were mentioned earlier. Return investors August Capital, and Investcorp Technology Partners, participated, as already reported.

(Originally written May 25)

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.