Venture Kick Alumn Kandou Raises $56 Million in Series C Funding

23.09.2019

In our interview, Kandou founder and CEO Amin Shokrollahi reflects on his entrepreneurial path from Venture Kick to his most-recent financing round, which bring the total investment in his startup to nearly $100 million.

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Kandou, a global leader in connectivity IP and chip solutions, raised an additional $56 million through a consortium of institutional, strategic, and private investors. We interviewed CEO and founder Amin Shokrollahi to find out what role Venture Kick played in his startup-career. 

What is Kandou Bus' mission and core innovation?

Our core mission is to reduce the power consumption and increase the speed of electronic devices across a wide range. We do this through a novel technology that is protected by over 300 patents.

How will this $56 million investment help achieve your vision?

This is a testimony to our strong technology and business model. We will use the funds to finish our first standalone chip, designed for the consumer market and scheduled to go to volume in 2Q 2020. In addition, the funds will allow us to expand our IP business model, work on new attractive product propositions, and hire a commercial team that prepares the company for an IPO. Besides our institutional investors Bessemer Venture Partners and Walden International, we raised funds through Swiss investors such as Swisscom, and Forestay Capital, and a number of other private equity firms.

You won Venture Kick in 2011. How did that help you lay the foundation for your growth and today's achievement?

The Venture Kick contest helped me articulate our goals clearly and succinctly, and communicate it in the right way to my audience.


The series-C funding round was supported by international and Swiss-based investors including Bessemer Venture Partners, Columbia Lake Partners, Digital Transformation Fund, Fayerweather Capital Partners, Forestay Capital, Kreos Capital, Raging Capital, Swisscom Ventures, and Walden International.

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