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[Funding alert] Hero Electronix's portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners

[Funding alert] Hero Electronix’s portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners
According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
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Novo Tellus Capital Partners, valuing the engineering and R&D services provider at $100 million.
According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
Talking about this key development,
Ujjwal Munjal, Founder Director, Hero Electronix, said,
“We are delighted to welcome Novo Tellus as a key partner in the journey to build Tessolve into the largest global provider of semiconductor engineering services. Their sector expertise and experience building technology leaders should be a great asset to Tessolve.” ....

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Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

Tessolve, a Hero Electronix venture, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100-million valuation. Tessolve is a global provider of engineering and research and development services to semiconductor companies. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
“We are delighted to welcome Novo Tellus as a key partner in the journey to build Tessolve into the largest global provider of semiconductor engineering services,” said Ujjwal Munjal, founder director, Hero Electronix. “Their sector expertise and experience in building technology leaders should be a great asset to Tessolve.” ....

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