Hero Electronix's portfolio company Tessolve raises US $40 million from Singapore-based Novo Tellus
Share: Aims to further deepen Chip Design and ASIC engineering capabilities and global presence Tessolve, a Hero Electronix venture and a global provider of engineering and R&D services to semiconductor companies, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100 million valuation. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments. Since a majority investment by Hero Electronix in 2016, Tessolve has witnessed a year-on-year growth rate of over 30% achieving $75M in 2...