WiSpry Gets $10M

Irvine-based WiSpry, which develops radio frequency (RF) semiconductors for the wireless industry, said this morning that it has raised $10M in a first close of a Series C financing. According to the firm, the round was led by Paladin Capital Group, as well as prior investors L-Capital Partners and Blue Print Ventures. Other investors in the round included MuRata Manufacturing Co., Ltd., American River Ventures, In-Q-Tel, the Tech Coast Angels, and Shepherd Ventures. As part of the funding, the firm said that Paladin Capital has gained a seat on the board. WiSpry said that the funding round will go towards expanding the firm's operations and support structure. The firm also said it will hold a second close of the Series C funding, worth at least $5M, sometime this summer. More information »