Tech Company Financing Transactions
Engim Funding Round
Engim, based in Acton, received $18.5 million in investment from Benchmark Capital, Adams Harkness Ventures and Bessemer Venture Partners.
Transaction Overview
Company Name
Announced On
8/19/2003
Transaction Type
Venture Equity
Amount
$18,500,000
Round
Series B
Investors
Benchmark Capital (Lead Investor)
Matrix Partners (Edgar Masri)
Proceeds Purpose
It will use the new funding to advance product development and to expand the marketing and sales team at the 50-person company. Staff is expected to increase by 10% to 20% over the next year or so.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
40 Nagog Park
Acton, MA 01720
USA
Acton, MA 01720
USA
Phone
Email Address
Not Recorded
Overview
Engim provides a fast engine for wireless networking. The fabless company designs chips and chipsets used in wireless local-area network (WLAN) equipment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nick Finamore
Browse more venture capital transactions:
Prev: 8/15/2003: Endocyte venture capital transaction
Next: 8/19/2003: NuGEN Technologies venture capital transaction
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We do our best to document every notable VC transaction. All VC database entries reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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