Tech Company Financing Transactions

UPEK Funding Round

On 3/17/2004, UPEK raised $20 million in Series A funding from Sofinnova Ventures, Diamondhead Ventures and Earlybird Venture Capital.

Transaction Overview

Company Name

UPEK

Announced On

3/17/2004

Transaction Type

Venture Equity

Amount

$20,000,000

Round

Series A

Investors

Sofinnova Ventures (Lead Investor) (Eric Buatois)

Diamondhead Ventures (David Lane)

Earlybird Venture Capital (Roland Manger)

Proceeds Purpose

UPEK has been launched through the transfer of the business, personnel and technology assets related to STMicroelectronics' fingerprint biometrics business, formerly known as the TouchChip Business Unit, in a venture-backed spin-off transaction whereby STMicroelectronics remains the primary supplier of silicon and components to UPEK, and is a significant shareholder in the new company.

Company Information

Company Status

Acquired or Merged

Industry

Electronics

Mailing Address

5900 Christie Ave.
Emeryville, CA 94608
USA

Phone

(510) 420-2600

Website

www.upek.com

Email Address

Not Recorded

Overview

UPEK, Inc. is a privately-held biometric fingerprint solutions company launched as a venture-backed spin-off from STMicroelectronics in 2004.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Alan Kramer

Vice President

Robert Blau

VP - Engineering

Robert H. Bond

VP - Sales

Patrick Bouju

Browse more venture capital transactions:

Prev: 3/17/2004: Cardiac Dimensions venture capital transaction
Next: 3/18/2004: Restore Medical venture capital transaction

Share this article

About Database of VC Transactions

We do our best to document funding rounds that are announced publicly. All VC database entries reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary