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Proceeds of the credit facility will be used to support growth
January 3, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Square 1 Bank is providing a $5 million debt facility to new, San Jose, CA-based client, Kovio, Inc., whose investors include Kleiner Perkins Caufield & Byers, DAG Ventures and Tyco, among others. Proceeds of the credit facility will be used to support the company’s growth. Kovio’s innovative high-performance printed silicon manufacturing platform enables scalable item-level Near Field Communication (NFC) technology for branded product and retail markets. Kovio’s recently released Electr...
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