– FRANCE, Paris – Scalinx, a fabless semiconductor company specialized in advanced signal conversion chips, today announced it secured €10.5M equity financing round led by WaterStart Capital, an accelerator fund and investment firm from NCI, and Normandie Participations, another venture capital fund, both specialized in financing highly innovative startups.
The round also involves a group of top French banks’ private equity subsidiaries including BNP Paribas Développement (the investment arm of BNP Paribas), CEN Innovation (the investment arm of Caisse d’Epargne), and Unexo (the investment arm of Crédit Agricole).
The investment validates recent progress and will enable Scalinx to meet growing market demand, drive the technology into new markets, increase capacity to support new customers, and further expanding its team. Scalinx aims to be a leading supplier for the French and European defense markets and a key player in the communications industry and the 5G wireless communication transformation.
Hussein Fakhoury, Founder, and CEO said, “This investment not only validates what we have built so far but also enables us to continue pursuing our vision of becoming a key European supplier of high-speed data converters with wider bandwidth, lowest power consumption, and higher integration level. This is an important milestone for the company, as this investment will give us the means to achieve our goals. We are excited about the tremendous endorsements we have received from our first customers and our new investors as we deliver the lowest power signal conversion solutions for some of the most demanding applications.”
“We are excited to add Scalinx to our portfolio and delighted to support the company in its development alongside the other investors. We were impressed by the quality of the team, Scalinx’s unique expertise with state-of-the-art products along with an ambitious technological roadmap in a rapidly growing market. With this first round of support, we see Scalinx driving European leadership and becoming a major player in the communications and defense industries, in a market dominated by non-European companies,” said Yves Guiol, Venture partner at NCI.
Founded in 2015, Scalinx is a fabless semiconductor company with solid experience in the design and supply of silicon solutions enabling wideband and low power signal conversion in applications such as wired and wireless communications, test & measurement equipment, and radar, among others. Scalinx is headquartered in Paris, France with additional design centers in Caen and Grenoble.
For more information: https://www.scalinx.com/
About WatertStart Capital: Managed by NCI (a French portfolio management company in private equity, with 300 m€ under management), WaterStart Capital is a VC fund investing in Seed / Series A rounds and providing free accelerator program (Advisors, Consultants, Mentors, Business Connections).
For more information: https://www.n-ci.com/start-up/waterstart-capital/
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