Qualtre Garners $10,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b926d489-9773-44e5-b09f-66d72bafdb52&Preview=1 -
Date
5/29/2012 -
Company Name
Qualtre -
Mailing Address
225 Cedar Hill Street Marlborough, MA 01752 -
Company Description
Qualtre Inc. is commercializing the next generation of these inertial sensors, further broadening their applicability in CE devices like cellular handsets, personal navigation devices, and gaming controllers. Using a proprietary high-performance, low-cost technology platform, Qualtre aims to be the leading supplier of inertial sensors for these devices. -
Website
http://www.qualtre.com -
Transaction Type
Debt, Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The new funding will enable the company to launch multiple products targeting both high-volume consumer and industrial applications. -
M&A Terms
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Venture Investor
Matrix Partners -
Venture Investor
Pilot House Ventures Group -
Venture Investor
Eastward Capital
