Analogy Semiconductor Secures $31 Million in A Round Financing Led by Shanghai FTZ Fund
On Monday, Shanghai Analogy Semiconductor Technology Co., Ltd., an analog and mixed-signal design company, completed its round A of financing worth nearly 200 million yuan ($31.43 million).
This round of financing is led by Shanghai FTZ Fund, followed by Haitong Capital, Fibonacci VC, Guoce Capital, Value Capital, Allin Capital and Long Capital.
Established in 2018, Analogy Semiconductor is headquartered in Zhangjiang, Shanghai, with R&D and technical support centers in Suzhou, Shenzhen, Xi’an and Beijing. It focuses on power management, signal chain, MCU and DSP design. The company’s products are aimed at the industrial, communication, medical and automotive markets. At present, many products have been applied by leading enterprises in the industry.
The company’s R&D personnel account for nearly 80%, and it has established a quality management system and product R&D process. The company has high requirements for product quality, and has invested to build laboratories covering nearly 1,000 square meters for tests.
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The person in charge of the Shanghai FTZ Fund said that it focuses on key hard technology industries in the Free Trade Zone and the Yangtze River Delta, such as integrated circuits and semiconductors, attaching importance to high-quality enterprises with leading advantages in related sub-sectors.
The Shanghai FTZ Fund will give full play to the comprehensive resource advantages of the industrial chain ecosystem and the good interaction with the Shanghai Stock Exchange, especially the functional advantages of the Yangtze River Delta capital market service base, and help Analogy Semiconductor accelerate technological innovation R&D and market expansion.