Sembarc Ltd to receive Invest Growth Fund investment

Friday 29 January 2010

Northern Ireland's £5m Invest Growth Fund (IGF) has completed its fourth investment in Sembarc Ltd as part of a financing round from the IGF, Business Angels and other sources of financial support

Sembarc is a leading edge telecoms design company, supplying Intellectual Property solutions targeted at the Next Generation telecoms transport market segment. Sembarc is built around a carrier-class design team specialising in telecoms Silicon Design with Embedded Software and System Architecture (the company is named after these three founding disciplines). The Funds will be used principally for sales purposes and the company is targeting the Data Fabric Market for Inter-organisational Data Integration and Web 2.0.

The Invest Growth Fund is one of a new array of early growth support schemes known as NISPO. The fund is provided by Invest Northern Ireland. The Invest Growth Fund provides equity investment capital up to £250k for high growth businesses