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[Funding alert] Hero Electronix’s portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments. 0 claps Share on Novo Tellus Capital Partners, valuing the engineering and R&D services provider at $100 million. According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments.  Talking about this key development, Ujjwal Munjal, Founder Director, Hero Electron...

Tessolve, a Hero Electronix venture, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100-million valuation. Tessolve is a global provider of engineering and research and development services to semiconductor companies. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments. “We are delighted to welcome Novo Tellus as a key partner in the journey to build Tessolve into the largest global provider of semiconductor engineering services,” said Ujjwal Munjal, founder director...