Tuesday, October 3, 2006

Tymphany Raises $13M

Cupertino-based Tymphany has raised $13M in funding from American Capital Strategies, the firm announced today. Current investor VantagePoint Venture Partner also participated. The investment is a convertible preferred equity round, and will be used for working capital. Tymphany develops audio transducers used for consumer electronics products. Greg Smitherman of American Capital will join the firm's board as part of the funding. More information »