Mobius Venture Capital
Assembly Line
Impinj Raises $22M to Accelerate RFID Product Development
Impinj, Inc., a fabless semiconductor company developing Radio Frequency Identification (RFID) solutions for supply chain and logistics automation, announced that Mobius Venture Capital, Unilever Technology Ventures and the UPS Strategic Enterprise Fund have joined the company’s previous investors, ARCH Venture Partners, Madrona Venture Group and Polaris Venture Partners, to provide $22 million in third-round funding. Impinj also announced that Aaron Cheatham, a Principal at Mobius Venture Capital which led the financing round, has joined Impinj’s board of directors.
Impinj will use the proceeds of this financing to move into volume production of its RFID products and to expand operations both at its Seattle headquarters and at its Orange County, California facility opened this January.