Latest SpringCapital News
Sep 7, 2022
Morse Micro , a Sydney, Australia-based fabless semiconductor company advancing Wi-Fi for the Internet of Things (IoT), raised $140M in Series B funding. The round was led by MegaChips Corporation, a ASIC and SoC services company based in Japan, with participation from existing investors including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm and Lucy Turnbull and others. The company intends to use the capital to focus on deepening its offerings, including the design of new solutions, while accelerating the go-to-market strategy for its existing Wi-Fi HaLow chips and modules. Founded by Wi-Fi pioneers and innovators, Michael De Nil and Andrew Terry, joined by the original Wi-Fi inventor Prof. Neil Weste and wireless industry veterans, Morse Micro is a fabless semiconductor company developing Wi-Fi HaLow solutions for the Internet of Things (IoT) market. Today, its portfolio includes the industry’s smallest, fastest and lowest power Wi-Fi HaLow compliant SoCs and modules. With use-cases that extend across the complete IoT ecosystem, from consumer to commercial, industrial to agricultural use, Morse Mirco is enabling wirelessly connected devices to achieve 10x longer range, covering 100x the area or 1000x the volume of traditional Wi-Fi networks. The company is headquartered in Australia with offices in China, India, the U.K. and the U.S., A strategic business partnership with MegaChips accompanies the investment. In addition to manufacturing Morse Micro’s IEEE 802.11ah compliant semiconductors and modules, MegaChips will provide quality assurance, sales support and new distribution channels that will deliver scale across the region. The two companies will also engage in joint sales and promotion activities to grow the market for Wi-Fi HaLow solutions. FinSMEs 07/09/2022
SpringCapital has made 2 investments. Their latest investment was in Morse Micro as part of their Series B on September 9, 2022.
SpringCapital Investments Activity