Thursday, November 19, 2009

SemiSouth Raises $4M

Austin-based SemiSouth, a developer of silicon carbide (SiC) semiconductors, has raised $4.0M in a funding, according to a regulatory filing by the firm Wednesday. According to the filing, the funding included equity, debt, and conversion of existing convertible debt into equity. Source of the new funding was not announced by the firm. The fundraising appears to be part of an ongoing, $6.0M funding effort by the company. SemiSouth has previously raised capital from such firms as Delta Capital Management, GulfSouth Capital, Mississippi Angel Fund, Schneider Electric Ventures, Southern Appalachian Fund, Southern Farm Bureau Life Insurance Co., and Starkville Technology Investments. More information »