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April 06, 2006
Nangate's Danish Roots Attract Nordic VCs
Nangate, an electronic design automation (EDA) software developer, has raised $10M from Vaaketsfonden, IVS, and SEED Capital, all Nordic VCs.
Although the firm is now headquartered in Siilcon Valley, where sales and support are managed from, it has its roots and its operations in Copenhagen, as well as Moscow. Interestingly, the firm also has an advanced research division in Porto Alegre, Brazil.
The firm's founders previously successfully built and sold another EDA startup, Exbit, which was acquired for $164M in 2001 by Vitesse Semiconductor. Nangate was founded in 2004.
Read- EDA Startup Nangate Raises $10M (press release)
Read - EDA startup Nangate secures $10M in VC funding (ee times)
Posted on April 6, 2006 01:43 PM | Posted to Semiconductors | Venture Capital | Permalink
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