$1M for IO Semiconductor

IO Semiconductor, a San Diego fabless chip design startup, has raised $1 million in debt and equity-based funding, out of a $14 million planned offering, according to an SEC filing. The money comes as part of a multi-stage funding agreement with a private investor, said business development VP Pete Fowler, who said that the funding is mostly equity based, but did not disclose any additional details about the deal. In September, IO was accepted to EvoNexus, the nonprofit incubator from the industry group CommNexus.

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