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Article: u-Nav Raises $5M in Series D Financing Round; Company Expands GPS Alliance With Trimble.
- Article from:
- PR Newswire
- Article date:
- July 9, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif., July 9 /PRNewswire/ -- u-Nav Microelectronics Corp. today announced it has closed a $5 million Series D round of financing, which was lead by Nordic Venture Partners, iSherpa Capital, Shelter Capital and UNI-LLC. u-Nav will use the proceeds primarily to expand its sales and marketing teams and development programs to meet the rising market demand for its products. The Company has experienced 300% quarter over quarter growth for the past two years and expects similar growth in the future.
In addition, u-Nav announced that Trimble has expanded its alliance by making an investment in u-Nav's latest round of financing. In conjunction with ...
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