Deal Announcements

Asoka Stocks Up With $7 Million Venture Funding

Friday, October 05, 2007 5:00:00 AM PDT | VentureDeal Staff

FOSTER CITY, CA -- Components maker Asoka USA announced that it has raised its first round of venture capital financing, receiving $7 million.

Asoka provides a number of networking connectivity products, including the PlugLink and PlugLAN adapters for ethernet, USB, cable/DSL or wireless environments.

Investors in the round included Venrock Associates and Storm Ventures.  The company announced the hiring of a new CEO, Dano Ybarra, and said the proceeds will be used to fund additional development and sales and marketing expansion.

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