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AnalogicTech Secures $15M in Funding
Advanced Analogic Technologies, Inc. (AnalogicTech) has raised $15 million
in a new round of financing. Battery Ventures,
a leading venture capital firm focused on investing
in information technology companies at all stages
of growth, led the financing with participation
from existing investors Hotung Ventures, InveStar,
Maton Venture, Mosel Vitelic, and Sunsino Ventures
Group. Ken Lawler, general partner with Battery
Ventures, will take a seat on the company’s
board of directors.
A number of AnalogicTech’s corporate partners,
including Mitsubishi Capital, Vanguard International
Semiconductor, and VIA, also participated in the
funding round with corporate venture investors
China International Development Consulting Inc.(CIVC)
and Sycamore Ventures.
The Series E private equity financing will be
used for working capital and to expand infrastructure
to support sales growth. As part of this process,
AnalogicTech will extend its global presence with
the addition of new sales and technical staff.
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