Imbera Ramping Up Production - NorthZone Led $15 Million Round
Chip-packaging company Imbera Electronics announced that it raised $15 million from NorthZone Ventures, Index Ventures and Conor Venture Partners. NorthZone led the round. Imbera is the developer of patented Integrated Module Board technology for 3-D semiconductor packaging
Previously Imbera had raised $2 million in a first institutional round and just under $1 million in seed money before that.
The newly raised money will go to kick start a new high-volume manufacturing operation in Sangsong-ri, South Korea, and to continue Imbera’s embedded technology evolution through its R&D activities located in Espoo, Finland.
According to VentureBeat Risto Touminen, Imbera’s chief technology officer, had worked on the technology as a student at the Helsinki University of Technology since 1999.
You can read more about Imbera’s chip packaging technology at VentureBeat here.
It’s good to see a Nordic VC’s Nordic VCs active, when the Venture Capital industry in Silicon Valley is coughing.
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Conor deserves some props, look at the Supponor, Eniram and Imbera, all the recent 5m+ venture deals in Finland except Epicrystals; they all have Conor as the private local investor (Vera also in Eniram).
will,
Defintitely. I think all three NorthZone, Conor and Index Ventures deserve props. Impressive move from all of them.
My last comment should read "Good to see Nordic VCs active' meaning both, NorthZone and Conor. Nice job! Wrote the post at 3am after a long day traveling, so a few typos slipped in. Sorry for that will.
[...] and EpiCrystals. Only one company raised over €10 million: Imbera Electronics (see our story here). The size of an average financing round was approximately €1.8 million, about the same as in the [...]
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