Raana Semiconductors Raises $3 million in Seed Funding to Build Indigenous Silicon Ingot Growth Systems

Key Highlights:$3 million raised in a pure equity Seed round, marking RSPL’s first institutional fundingRound led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures) and Angel Investor Garimella Laxminarayana. Prequate Advisory were the sole strategy advisor for the Company in this round.Funds to support R&D and product development of indigenous Czochralski (CZ) silicon ingot growth systemsInitial focus on 10-12 inch solar-grade silicon ingots, with a roadmap toward semiconductor-grade wafersStrengthens India’s self-reliance across renewable energy, semiconductors and strategic technologiesRaana Semiconductors Pvt. Ltd. (RSPL), a deep-tech company with over a decade of experience in the semiconductor sector, specialising in Czochralski-based crystal growth systems and single-crystal materials, has raised $3 million in a Seed funding round. This marks the company’s first institutional capital raise and is a pure equity round led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures), and Angel Investor Garimella Laxminarayana. Prequate Advisory served as the Company’s exclusive strategic advisor, partnering closely to shape the investment narrative and structure the raise.The funds will be utilised to accelerate product development and research and development, with a focus on building…  ​Read MoreStartupTalky- Business News, Insights and Stories