PHS MEMS raises $10.5M in ongoing round

Jan. 8, 2003 — PHS MEMS, a Grenoble, France, MEMS manufacturer, has raised $10.5 million in an ongoing round of financing, according to a news release.

Investors include AXA Private Equity, CDP Capital Technology Ventures, IDI Kairos, Thales Corporate Ventures, the Houston Group, ETF Group, other private investors and members of the company’s management

The company said the round will remain open until March 2003. In the release, Chief Executive Thierry Touchais said the “fund-raising will supply the means for PHS MEMS to achieve break-even by Q1, 2004.”


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