Nokia invests in Summit Microelectronics
Telecompaper writes…Nokia Growth Partners has led a round of financing for US-based Summit Microelectronics. The maker of programmable power management integrated circuits raised USD 10 million in total, including USD 4 million from the Nokia investment vehicle. Existing investors Norwest Venture Partners, August Capital, Pequot Ventures, Bessemer Venture Partners, Hotung Capital Management and others contributed the other USD 6 million.
