PHS MEMS has announced it has raised over 31m euros ($26.3m) in a third funding round
Investors included AXA Private Equity and Sofinov. Including this recent round of funding, PHS MEMS has raised over 45m euros ($38.1m).
The company plan to use the funds raised to further expand its MEMS Design Centre, Sales and Marketing force, as well as increasing its international presence.
"Micro-electronics and copper have enabled the technology evolution we live in today," said Alberto Martorell, president and CEO PHS MEMS. "Micro-electromechanics and fibre will unleash a technology revolution of greater social and economic impact, through its multi-disciplinary nature and its complementarity with micro-electronics."
"MEMS represent one of the fastest growing technologies, particularly in the wireless and optical communications industry," said Pascal Voulton, IT Investments Director, Sofinov. "As a co-leader in this significant round, Sofinov confirms its active support of PHS MEMS, shown in the previous round."
"PHS MEMS has the required assets to consolidate its industrial leadership as a communications MEMS supplier," said Vincent Gombault, Board member, Axa Private Equity. "PHS MEMS meets all the fundamental criteria we seek: strategic know-how and technology in a fast-growing sector, an experienced management team and a unique market position, enabling a rapid company growth."