Polaris Wireless has closed on a recapitalization of existing equity interests on April 25, 2013. As part of the recapitalization, Polaris Wireless completed a Series C financing with $10 million from Industry Ventures.
The investment by Industry Ventures also returned capital to Series A investor Draper Fisher Jurvetson (DFJ) and will also be used to fund Polaris Wireless’ future international growth.
Industry Ventures managing director Victor Hwang has joined the Polaris Wireless board.