UT Horizon Fund has returned for a $7m series A for GenXComm, having also contributed to a $1.5m seed round in June this year.
GenXComm, a US-based communications technology spinout from University of Texas (UT) at Austin, raised $7m in a series A round yesterday that featured the university system’s investment arm UT Horizon Fund.
Intel Capital, the corporate venturing division of semiconductor producer Intel, led the round, which also included WS Investment, the corporate venture capital fund of law firm Wilson Sonsini Goodrich & Rosati.
VC firms Azure Capital Partners and Bandgap Ventures, incubator Capital Factory, private equity firm Fam Capital Partners and…
