Microbridge, the leading manufacturer and licensor of next step electronic calibration products and solutions, announced it closed a planned extension of its Series B equity financing, raising an additional US$5 million in venture capital and US$12.5 million to date. An international syndicate of investors contributed to the round, including: Zon Capital Partners, L.P. of New Jersey; BDC Venture Capital of Canada; Fonds de Solidarite des Travailleurs du Quebec of Canada; Lothian Partners 27 (Sarl) SICAR of Luxembourg (advised by Multiple Capital, Inc.); and Schneider Electric Ventures of France. Microbridge provides the first integrated resistor calibration products (Rejustor) and temperature compensation solutions for analog circuit designs and production in the consumer, automotive, medical and other industries.

Microbridge provides advantages for manufacturers of existing products and designers of current and future products. Manufacturers can improve margins, increase yields up to 30% and reduce scrap up to 50% while returning millions of dollars in production savings. The firm allows manufacturers to reduce in-line manufacturing process steps by eliminating binning, workarounds, laser trimming, hand-sorting and trim-pots, while reducing calibration costs by a factor of 10 without sacrificing performance. Microbridge enables product designers to achieve one-step calibration, passive adjustment, adaptive in circuit calibration in the analog domain to improve the design of current and future electronics and sensor products.

"An internationally-renowned group of investors provided the extension round in recognition of the progress Microbridge has made in the market," said Michael Foster, President and CEO, Microbridge. "The financing provides additional capital to rapidly expand our sales and marketing activities on the standard product, application specific standard product and custom product fronts, as well as increase our strategic alliance and licensing activities. The Rejustor products and technology are established in the marketplace and we will leverage this success to build a world-class company with our international venture partner group," Foster added.