Quadrivio et al. invest €500,000 in Pilegrowth
Quadrivio Capital, Como Venture and trade-backer LPE have invested more than €500,000 in portfolio company Pilegrowth Tech, an Italy-based semiconductor business.
The funding will allow Pilegrowth to invest in further research in order to explore possible commercial uses for its technology within power electronics.
Quadrivio's capital was drawn from TT Venture, a €64m 2008-vintage vehicle. The fund's €100m successor, TT Venture Due, launched in April this year to invest in Italian start-ups in the life sciences, medtech, new materials and cleantech sectors.
Previous funding
Quadrivio, Como and LPE first invested in Pilegrowth in 2012.
Company
Headquartered in Como and founded in 2012, Pilegrowth is a semiconductor business that develops technology allowing the growth of semiconductor materials on silicon.
People
Elisabeth Robinson is an investment director in the venture capital team at Quadrivio.
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