Gimv and Sofinnova lead €11.2m financing of INSIDE
Gimv and Sofinnova Partners have led a €11.2m round-D investment in Inside Contactless, an open-standard contactless chip company, alongside existing shareholders.
The investment will help finance the acquisition of Secure Microcontroller Solutions (SMS) from the US-based Ateml Corporation.
Inside Contactless was founded in 1995 by Jacek Kolwalski and is headquartered in Aix-en-Provence. The firm specialises in semiconductors and wireless technology. Inside Contactless designs and develops chips for payment and near-field communication applications.
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