Silicon Genesis Adds $23 Million

Silicon Genesis Corp., a San Jose, Calif.-based developer of engineered substrate process technology for the semiconductor, display, optoelectronics and solar markets, has raised $23 million in new VC funding, according to a regulatory filing. Backers include H&A Asia Pacific, Lake Street Capital, Riverside Management Group, Firsthand Technology Ventures, Convexa Capital Ventures and Spencer Energy AS. Silicon Genesis has raised over $117 million in total VC funding, but this represents its first round since a 2001 infusion of $35 million at a post-money valuation of approximately $166 million.