Colibrys Closes $10M

Colibrys closes second round of financing for $10M, with all existing investors participating and new investment from Innoventure Capital

November 21, 2002

1 Min Read

NEUCHATEL, Switzerland -- Colibrys SA, Europe leading independent MEMS manufacturer, announced today the successful completion of second round financing, raising a total of $10 million in venture capital funding. All existing VC investors participated in this round: aventic, Banexi Ventures, Banque Cantonale Vaudoise, Intel Capital, TAT Investments and attracted new investment from Innoventure Capital an associate of Credit Suisse.Sean Neylon, CEO of Colibrys said, “We are one of the few company’s worldwide that has both the established revenue, breath and maturity of experience necessary to be a leader in the worldwide markets for silicon MEMS components. We have made progress in recent years to establish ourselves as one of Europe’s leading MEMS manufacturer and our objective is to establish a similar market position in North American and Asian markets.”Colibrys SA

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