Press for Sand9
Last month was not at all about equality, at least when it came to venture investing. Overall, monthly venture investing totals have remained pretty stable for most of the spring in Massachusetts, hovering around the $200 million neighborhood, based on data provided by private company intelligence platform CB Insights. (That’s only counting deals worth $1 million and up; we’ll write about the sub-$1 million startup financings in a separate story.) The real news each month has been whether the investments have been distributed on a relatively egalitarian basis across sectors, or whether one particular industry has charged ahead to take the majority of venture dollars.
Investors have put $12 million into Sand 9 Inc., a startup making nanoscale mechanical frequency control technology for the wireless market. The Series B round was led by new investor Commonwealth Capital Ventures, with participation from previous backers Flybridge Capital Partners, General Catalyst Partners and Khosla Ventures.
Investors have put $12 million into Sand 9 Inc., a startup making nanoscale mechanical frequency control technology for the wireless market. The Series B round was led by new investor Commonwealth Capital Ventures, with participation from previous backers Flybridge Capital Partners, General Catalyst Partners and Khosla Ventures.
Sand 9 has secured enough venture capital to grow from a pre-revenue startup to—if all goes as planned—a profitable company, Vince Graziani, the firm’s CEO, says. His Boston-based startup, a developer of tiny timer and frequency control technology for wireless devices, has raised $12 million in a Series B round of funding led by a new investor, Commonwealth Capital Ventures of Waltham, MA.