LensVector Closes $30M Series C Financing Round

LensVector, Inc., a Mountain View, CA-based developer of solid-state optical components for camera phones, laptops and other consumer electronics, has completed its $30m Series C financing round, bringing the total financial backing of the company to more than $50m.
Institutional Venture Partners (IVP) led the new funding and joins existing investors Menlo Ventures, Samsung, Silicon Valley Bank, Mitsui and Kodak.
The company will use proceeds from the financing to expand operations.
In conjuntion with the funding, Norm Fogelsong, General Partner of IVP, has joined LensVector board of directors.

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