Magnum Semiconductor Receives $12,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c86028b2-bb59-4763-a427-3e84e18f21a3&Preview=1
Date
10/25/2012
Company Name
Magnum Semiconductor
Mailing Address
591 Yosemite Drive Milpitas, CA 95035
Company Description
Magnum Semiconductor is a leading provider of chips, software, and platforms for consumer entertainment systems. Magnum provides the tools and technologies for recording, storing, managing, viewing, and exchanging audio and video throughout the home, and on the go!
Website
http://www.magnumsemi.com
Transaction Type
Debt
Transaction Amount
$12,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The capital will be used to fuel the company’s global growth initiatives.
M&A Terms
Venture Investor
NXT Capital