San Diego, California–Peregrine Semiconductor Corp. today announced that it has raised a total of $37.5 million in its Series G Preferred financing.
The round, which was led by Morgenthaler Ventures, included investments from CDIB Ventures, Global Alliance Venture Capital, and Intel Capital. Prior investors Patricof & Co., Wasserstein Adelson Ventures, Roser Ventures, and CSK Venture Capital also participated in this round.
“This investment marks a major milestone in the development of Peregrine Semiconductor,” said Dr. Stav Prodromou, president and CEO. “We have earmarked a significant portion of the funds raised in this round to the development of our innovative wireless and photonics devices and modules. CDIB Ventures and Global Alliance Venture Capital provide insight into the Pacific Rim markets. On the technical side, Intel Capital invests in companies with innovative solutions in both the wireless and photonics marketplaces. We are pleased to have them join in with our other investors.”