Magnum Semi Closes Series C

Magnum Semiconductor Inc., a Fremont, Calif.-based supplier of ICs, software and reference platforms for audio and video content, announced that it has raised $27 million in Series C funding. PE Week Wire first reported on the deal earlier this month, based on a regulatory filing. Investor Growth Capital led the deal, and was joined by WK Technology Fund, KTB Ventures, Gold Hill Capital and return backers August Capital and Investcorp Technology Ventures. Magnum was spun out of Cirrus Logic in 2005.