Spectra7 Microsystems Raises $11M in Funding

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Spectra7 Microsystems, a Toronto, Canada-based high performance analog semiconductor company, raised $11m in a first close of its latest funding.Backers include Celtic House Venture Partners, Ventures West Capital and EdgeStone Capital Partners.The company intends to use the funding for product development and for the integration of its merger with Fresco Microchip, RedMere Technology and Chrysalis Capital VIII Corporation.Led by Tony Stelliga, CEO, Spectra7 will combine the high speed signaling technology of RedMere with the small signal RF capabilities of Fresco to deliver a new class of high speed analog semiconductors to the consumer and wireless infrastructure markets.FinSMEs 16/08/2012

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