Peraso Technologies racks up $20 mln

Toronto-based Peraso Technologies, a fabless semiconductor firm, has secured $20 million in funding. Roadmap Capital led the round with participation from previous backers Celtic House Venture Partners, Ontario Emerging Technologies Fund and VentureLink Funds.

Spectra7 Raises $11M From Celtic, Ventures West, EdgeStone

Spectra7 Microsystems said it had a first close on $11 million in funding from Celtic House Venture Partners, Ventures West Capital and EdgeStone Capital Partners. The money will be used for product development and the integration of its merger with Fresco Microchip, RedMere Technology and Chrysalis Capital VIII Corporation announced on July 17th. The expected […]

Spectra7 To Raise More Than $10M From Celtic House, EdgeStone, Ventures West

RedMere Technology Limited and Fresco Microchip Inc. said they will merge with Chrysalis Capital VIII Corporation to create Spectra7 Microsystems, which will be publicly traded company on the TSX Venture Exchange. Spectra7, an analog semiconductor company focused on mobile infrastructure and consumer products, is expected to raise over $10 million from firms including Celtic House […]

Ontario Venture Capital Fund Commits $70 million to Three Funds

Ontario Venture Capital Fund (OVCF) has committed $70 million to three Ontario-focused VC funds: Lumira Capital II, Celtic House Venture Partners IV and Rho Canada Ventures II. PRESS RELEASE: Ontario Venture Capital Fund (OVCF) today announced it has recently made commitments totalling $70 million to three leading Ontario-focused venture capital funds: Lumira Capital II, Celtic House […]

Hitachi Buys BlueArc

After a five-year-long OEM partnership, Hitachi Ltd has acquired California-based network storage company BlueArc Corp., Reuters reported. BlueArc had raised upwards of $215 million in venture capital and filed with U.S. regulators in June for an initial public offering. The company was backed by a slew of investors including Meritech Capital Partners, Crosslink Capital, Morgenthaler Ventures, Apax Partners, Weston Presidio, RWI Ventures, Dell Ventures, CTTV Investments, Celtic House Venture Partners, The Parkmead Group and Fort Washington Capital Partners. The specifics of Hitachi’s acquisition were not released, though some reports placed the price tag between $500 million and $600 million, Reuters said.

Fresco Microchip Raises $9M In Series C Funding

Fresco Microchip Inc. said Tuesday it raised Series C funding of $9 million. The Ontario Venture Capital Fund joined existing investors Celtic House Venture Partners and Ventures West in the round. The Toronto company develops RF, mixed signal and digital signal processing chips. PRESS RELEASE Fresco Microchip Raises $9 Million Series C Round Ontario Venture […]

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