MediaQ Completes $15 Million in Funding RoundJuly 31, 2002 by Jeff Shepard
MediaQ Inc. (Santa Clara, CA) announced that it has secured $15.0 million in Series D financing from existing investors and strategic corporate partners. MediaQ will use the working capital to expand its operational infrastructure to meet the challenges of volume growth in sales and production. Led by El Dorado Ventures, venture investors included Weston Presidio Capital, Summit Accelerator Fund and ViVentures. Strategic corporate investors included National Semiconductor Corp. (Santa Clara, CA) and Infineon Technologies AG (Munich, Germany).
"At MediaQ, we're calling this latest round 'Growth Capital' because it will literally enable MediaQ to grow to the next level," said MediaQ President and CEO Elie Antoun. "We will utilize this working capital to support higher production levels, increase our customer support capabilities and introduce exciting new products, among other activities."