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MPS Secures $16.7 Million in Series D Financing
Los Gatos, CA -- Monolithic Power Systems (MPS), a leading supplier of power management IC solutions, today announced that it raised $16.7 million in an oversubscribed fourth round of funding. Leading the investors in the round, a group including existing investors Acer Technology Ventures America and InveStar Capital, was BA Venture Partners, a $500 million venture capital partnership.
Los Gatos, CA -- Monolithic Power Systems (MPS), a leading supplier of power management IC solutions, today announced that it raised $16.7 million in an oversubscribed fourth round of funding. Leading the investors in the round, a group including existing investors Acer Technology Ventures America and InveStar Capital, was BA Venture Partners, a $500 million venture capital partnership.
As the functional requirements of portable electronic devices increases, the need for highly efficient power management solutions becomes critical," said Jim Jones, Director of BA Venture Partners. MPS has a phenomenal track record of identifying differentiated high volume opportunities and creating deep relationships with large customers. This has allowed them to grow significantly, even in this down market, year upon year for the last 3 years."
"We're delighted to have BA Venture Partners as a key member of our team", said Michael Hsing, President and CEO of MPS. The tremendous unit growth in handheld and consumer electronics focused so much attention on our market space, we had to increase the round size to accommodate the substantial investor demand. This funding will let us expand in our markets quickly and effectively."
About Monolithic Power Systems
MPS (www.monolithicpower.com) is a privately held power IC company focused on Analog IC products for the DC-DC converter, CCFL (Cold Cathode Fluorescent Lamp) drivers, and Digital Audio amplifier markets. Combining expertise in analog design with experience in IC processing, MPS provides higher performance products, enhanced by lower manufacturing costs and excellent reliability, to customers world wide.
About BA Venture Partners
BA Venture Partners (www.baventurepartners.com) is a $500 million venture capital partnership, whose sole limited partner is Bank of America. BA Venture Partners focuses on companies in semiconductors and components, communications hardware, enterprise software and services, and biotechnology.
Contact:
Monolithic Power Systems
John Franz
Office: (408) 395 -- 2802 x 47
john.franz@monolithicpower.com
BA Venture Partners
Steve Eldridge
Eldridge Communications
650-591-3316
steve@eldridgecommunications.com
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