Kovio Raises $19.5 Million

Kovio Inc., a Sunnyvale, Calif.-based developer of semiconductor products using thin-film technologies,, has held a $19.5 million first close on its Series D round. Pinnacle Ventures led the deal, and was joined by return backers Bessemer Venture Partners, DAG Ventures, DEA Capital, Flagship Ventures, Harris & Harris Group, Jerusalem Venture Partners, Kleiner Perkins Caufield & Byers, NCD Investors and Yasuda Enterprise Development. Kovio previously had raised around $34 million since 2001. www.kovio.com