Printed silicon electronics company Kovio raises $20m in venture funding

14 July 2009

Kovio, Inc., a privately held pioneer in printed silicon electronics, has raised $20m in Series E financing, from its investors. These include Bessemer Venture Partners, Duff Ackerman & Goodrich Ventures, Flagship Ventures, Harris & Harris Group, Jerusalem Venture Partners, Kleiner Perkins Caufield & Byers, Mitsui Ventures, Northgate Capital, Panasonic Venture Group, Pangaea Ventures, Pinnacle Ventures and Yasuda Enterprise Development.

‘The continued support of our world-class investor team validates the strength of Kovio’s vision and the growing momentum behind bringing its RF Barcodes to market,’ said Amir Mashkoori, president and CEO, Kovio. ‘Our investors recognise that Kovio has immense potential, with an opportunity to serve a market of literally trillions of products. This round of funding will provide Kovio the capital required to reach its next significant milestone – volume shipments of the first printed RF Barcodes in the industry.’

‘We are very excited about the Kovio opportunity,’ said Rob Chandra, partner, Bessemer venture partners. ‘Kovio is a company that is creating a new category of products with unique, protectable technology, and we believe the market they can enable is enormous. As a result, they fit our highly selective investment profile very well.’
Kovio’s printed silicon platform can also be applied to a range of other applications, in areas including retail, healthcare, consumer electronics, transportation, manufacturing and energy.

Bessemer Venture Partners is a global investment group with offices in Silicon Valley, Boston, New York, Bangalore, Mumbai, Beijing and Tel Aviv.

Copyright © 2009 NewNet.

Tags: energy efficiency, silicon, venture capital

This story was published on Tuesday, July 14th, 2009 at 2:57 pm and is filed under North America, deals, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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