# MEMSIC Semiconductor raises over 1 billion yuan in Series A funding

MEMSIC Semiconductor completed a Series A funding round of over 1 billion yuan led by Shaoxing Yuexin Fund, with participation from a sovereign fund, Yunfeng Capital, and others. Proceeds will be used for production base construction and key technology R&D.

- Type: Investment
- Announced: 2021-01-25
- Where: China
- Status: announced
- Products: MEMS inertial sensors, capacitive accelerometers, gyroscopes, AMR magnetic sensors, Hall switches
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MEMSIC Semiconductor](https://endata.com/companies/52764.md)
- [Yunfeng Capital](https://endata.com/companies/30273.md) (investor)
- [Shaoxing Yuexin Fund](https://endata.com/companies/52765.md) (investor)

## Sources

- [memsic.com](https://www.memsic.com/cn/news-43), 2021-01-25: "美新半导体完成十余亿人民币A轮融资，本轮融资由沨华资本管理的绍兴越芯基金领投。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.