Magnum completes $27M round for digital equipment chips
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,… Continue Reading
Magnum Semiconductor raises $20M for digtial equipment semiconductors
Magnum Semiconductor, a Fremont, Calif. company that makes chips and software for DVD recorders, media centers, camcorders and other entertainment devices, has raised $20 million of a planned $27 million third round of financing, according to a regulatory filing cited by PE Week.
Investor Growth Capital led the round, which included existing backers August Capital and Investcorp Technology Ventures.