Intelleflex Corporation Receives $8M Equity Financing

Intelleflex Corporation, a Santa Clara, CA-based provider of Radio Frequency IDentification (RFID) solutions, products and technologies, has received a $8m equity financing in the initial close of an investment round led by New Venture Partners with participation of Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund.
As stated by Intelleflex President and CEO Peter Mehring, the proceeds will be used to complete and launch the next generation product set, scheduled for introduction early next year, and to fund ongoing operations and expansion beyond. 

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