Kovio Secures $5M Debt Facility from Square 1 Bank
January 03, 2013
Kovio, a San Jose-based maker of printed silicon products for the Near Field Communication (NFC) and Electronic Article Surveillance (EAS) markets, has secured a $5 million debt facility from Square 1 Bank. The company is also backed by VC giants Kleiner Perkins Caufield & Byers, DAG Ventures and Tyco, among others. The recent debt financing will reportedly go toward growth. In related news, Kovio recently raised $27.2 million of an expected $33 million in venture funds.