14 Mar ‘B’ Venture Capital Round Completed
HiLight Semiconductor announces the completion of its third round of Venture Capital funding, following seed investment by Oyster Capital in 2013 and Series A funding led by Atlantic Bridge Capital in May 2015.
The Series B funding is again led by Atlantic Bridge, with follow-on investments by Oyster Capital and Gary Steele, Executive Chairman. The round, totalling $6.1m also had participation from a new strategic investor.
HiLight plan to use the funds to further expand its IC design, support and evaluation teams, its Laboratory facilities, as well as establish new larger offices in Bristol UK.