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Mimix Broadband closes $8 million financing round

Mimix Broadband has won the confidence of investors, adding to its balance sheet and board room.
Fabless supplier of wireless ICs Mimix Broadband has secured an additional $8 million investment in its second round of institutional financing. Investments from Gefinor Ventures as well as individual investors completed this second round.

Greg Carlisle, MD of Gefinor Ventures, will join Mimix Broadband’s board of directors. Carlisle has over 20 years experience in software development, high-technology company start-ups, and venture capital investing. He began his career as a senior manager for Andersen Consulting, then founded and grew several startup companies, successfully managing them to achieve rapid growth.

"We have been impressed by the quality of the Mimix team, their MMIC technology, and key customer wins in the competitive microwave semiconductor market,” said Carlisle. “The ongoing support from 3i, First Capital Group, and a number of quality individual investors also helped to convince us to support the company as it pursues significant new opportunities in the microwave radio, satellite, and other markets."

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