Potentia Semiconductor Completes $8 Million Financing
Potentia Semiconductor Corp. (Ottawa, Ontario, Canada) announced that it has completed $8 million in equity financing. Funding was provided by VenGrowth Private Equity Partners (Toronto, Ontario), Kodiak Venture Partners (Waltham, MA), and Teachers' Private Capital. The investment has allowed Potentia to grow its sales and marketing organization as it continues to deliver a full portfolio of power-management solutions to the global marketplace.
Potentia Semiconductor President and CEO Danny Osadca said, "Power system designers are challenged to deliver more advanced system level power management functionality under ever-increasing board size constraints. Designers face these challenges in a world of shortened design times and lean design teams and that's why Potentia is offering a new and more effective way of designing and implementing power management solutions."