Kandou Raises 92.3 million in Series C Funding
Participants in the funding include both existing investors, led by Bessemer Venture Partners, and two new investors, Climb Ventures, and Swiss Select Opportunities managed by Flexstone Partners. The total investment in the Company to date is $132.8 million.
Proceeds from Series C will be used to bring Kandou’s first silicon product known as Matterhorn, a USB-C® multiprotocol retimer solution with support for USB4™, to market to enable consumer and networking applications for electronic devices. Additionally, funds will be used for ongoing development of Chord™ signaling technology and Glasswing™ ultra-short reach (USR) SerDes intellectual property (IP).
“This round of funding will enable us to meet growing customer demand for Matterhorn as we continue to innovate and deliver high-speed connectivity solutions, we thank Bessemer Venture Partners for its ongoing commitment to us and welcome investors Climb Ventures and Swiss Select Opportunities.” Amin Shokrollahi, Founder and CEO of Kandou
“In my 41 years in venture capital, I haven’t seen a semiconductor technology as fundamental as Kandou’s proprietary inter- and intra-chip connected technology since the advances in microprocessors in the late 70s. In the next decades, we will measure digital advances by their ability to move lots of data rather than by their ability to do mathematics fast. Kandou will provide many of the building blocks for that future. Bessemer Venture Partners is proud to be part of the Kandou team.” Felda Hardymon, Partner at Bessemer Venture Partners
“Kandou is one of the most promising startups in the Swiss ecosystem, under the leadership of Amin Shokrollahi, a true entrepreneur, Kandou’s vision is to disrupt computing interconnect, with multiple deep innovations, in large existing markets.” Dominique Pitteloud, Managing Partner at Climb Ventures
“Kandou is a perfect example of the type of Swiss based growing technology companies that the recently launched Swiss Select Opportunities program is aiming at supporting.” David Arcauz, Managing Partner at Flexstone Partners in Geneva
About Climb Ventures
Climb Ventures is a noted Growth Ventures firm for Swiss and global digital transformation projects. Its investments range from emerging technologies, venture startups to late stage projects in digital services and consumer internet.
About Flexstone Partners
Flexstone Partners (Flexstone), an affiliate of Natixis Investment Managers, is a leading investment solutions provider in private assets with a global reach and local footprints in New York, Paris, Geneva, and Singapore. It specializes in the selection of private equity, private debt, real estate, and infrastructure fund managers for investment by Flexstone’s clients.
About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Wix, MindBody, and Fiverr. Bessemer’s 16 investing partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India. Follow BessemerVP and learn more at https://www.bvp.com/.