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.
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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 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.
