SEQUANS Raises US $24 Million in Financing Led by Kennet Venture Partners

"SEQUANS Communications, a leading supplier of fixed and mobile WiMAX chips, has raised US $24 million in a new round of equity financing. The round was led by Kennet Venture Partners, a leading international private equity firm that provides growth equity to technology businesses in Europe and the US. SEQUANS' existing investors, Add Partners, Cap Decisif, T-Source, SG Asset Management and Vision Capital, also participated in the round. "