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Article: New Venture Partners Lead $8M Investment in Intelleflex.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Intelleflex Corporation, the leader in Extended Capability RFID, announced that it has received $8M in funding in the initial close of an investment round led by New Venture Partners. Earlier round investors Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund also participated.
"We believe that Intelleflex is ideally positioned for compelling success," said Ketan Patel of New Venture Partners, who will be joining the company's Board. "The Extended Capability RFID category they've pioneered, with its rich feature set, robust performance, platform flexibility and excellent value, has created leadership opportunities in attractive segments including cold ...