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June 16, 2006
French Memory Chip Innovator Taps VC
Participating in a startup workshop a couple of years ago at the IMD, a Swiss business school, may have helped memory chip startup Crocus Technology to raise a whopper of a first round.
Maybe that or the fact that it stands to take a chunk of the multi-billion memory business with its disruptive chips. Either way, according to PE Week Wire, the French magnetic random access memories (MRAM) maker, has raised $17 million in Series A funding.
Both Sofinnova Ventures in Paris and Sofinnova Partners in the US invested, along with French funds: Ventech, CDC Entreprises Innovation, AGF Private Equity, Sofinnova Partners, as well as Switzerland's NanoDimension
Read - IMD Startup Competition (imd website)
Read - Crocus Funding (pe week wire)
Posted on June 16, 2006 04:03 PM | Posted to Semiconductors | Venture Capital | Permalink
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