International law firm Pinsent Masons has advised semiconductor
company eoSemi Limited on a £3m funding round led by NESTA
Investments and Capital-E alongside existing investor Enterprise
Ventures.
The deal will see eoSemi take to market a new timing device
based entirely on silicon circuitry, which is set to replace the
old quartz crystal mechanism still used in even the newest consumer
and industrial devices. The new technology looks set to replace
quartz crystals in a wide range of consumer goods from mobile
phones to televisions, as well as in industrial & automotive
systems and wireless applications.
The Pinsent Masons team advising eoSemi was led by Corporate
Partner Gregg Davison supported by James Fitzgibbon.
Commenting on the deal Gregg Davison said: "This is an exciting
transaction for us to be involved with because whilst we have been
doing a number of private equity deals lately, this is a pure
venture capital transaction for a pre revenue business which will
help eoSemi develop to the next stage and bring its excellent
product to the market".
Ian Macbeth, one of the founding members of eoSemi said: “This
investment is a key milestone for eoSemi, which to date has been a
successful early-stage technology start-up, and which now aims to
build significant commercial momentum in a major market. We are
grateful for the excellent advice and support provided by the
Pinsent Masons team throughout the transaction".
Pinsent Masons is an established, full service law firm with
truly international reach, a reputation for delivering both world
class service quality and excellent value, providing a full range
of corporate, financial and commercial legal services to major UK
and international corporations, institutions and public bodies. The
firm ranks amongst the top 100 global law firms and has well over
1,000 partners and other lawyers worldwide.
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