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Tech Industry

LGC Wireless receives $19.3 million

LGC Wireless on Wednesday announced that it received $19.3 million toward its fifth round, which it expects to close in December at $30 million. Allegis Capital led the fifth round and will receive a seat on LGC's board. Other investors include Crystal Internet Ventures, which will receive a board seat, and previous investor pension fund OMERS. San Jose, Calif.-based LGC has raised a total of $70 million. The company develops hardware, software and content systems used by wireless carriers to increase wireless connections and capacity in large buildings and metropolitan areas.

LGC Wireless on Wednesday announced that it received $19.3 million toward its fifth round, which it expects to close in December at $30 million. Allegis Capital led the fifth round and will receive a seat on LGC's board. Other investors include Crystal Internet Ventures, which will receive a board seat, and previous investor pension fund OMERS. San Jose, Calif.-based LGC has raised a total of $70 million. The company develops hardware, software and content systems used by wireless carriers to increase wireless connections and capacity in large buildings and metropolitan areas.