Growthink Raising $6 Million Series B Round for XCOM Wireless

Growthink announced today that the Company is raising a $6 million Series B round for XCOM Wireless, a fabless developer of wireless semiconductor components for the industrial and consumer wireless industry.

XCOM’s MEMS-based products increase data transfer rates, reduce dropped calls, and extend battery life for wireless devices. Their solution increases component integration for a smaller footprint at lower cost. Growthink advised XCOM’s successful Series A capital-raising effort.

“XCOM’s technological solutions are critical to meeting the needs of consumer wireless radio manufacturers and users, who continue to demand more capability and efficiency from their mobile devices,” said Emily Burg, Growthink’s Vice President of Strategy. “We believe that XCOM is poised to become a leader in the $4 billion wireless component and module sector.”

“We advised on XCOM’s Series A round and we’re building on that success by leading the Series B effort,” said Jay Turo, Growthink’s CEO and Managing Partner. “Today’s capital environment is challenging, but XCOM’s decision to work with Growthink again highlights our position as the best advisory partner for emerging and middle market companies.” Turo continues, “After all, persistence, teamwork, and leadership are the foundation of good companies at any time, anywhere.”