EpicMEMS raises funds for 5G RF filters
Kaiyuan Communication Technology Co. Ltd. (Xiamen, China), a startup that trades as EpicMEMS, has raised hundreds of millions of yuan in its Series A+ round of financing. One hundred million yuan is about US$14.73 million or €14.1 million.
EpicMEMS, founded in 2018, is a developer of radio frequency filters for 5G applications under the Sili-BAW, Sili-SAW and Sili-ANT family names.
The funding was led by by Hongtu Zhanlu Equity, with participation by Foxconn Industrial Internet, Guang Si Da, Oriental Fortune Capital, Hillhouse Capital, Sequoia, KIP Capital, and Oriza Holdings. Existing shareholders IDG Capital, Shunwei Capital, Qinhe Capital and Hua Capital also participated in the round.
In March 2021 EpicMEMS completed its Series A round of financing at 300 million yuan (about US$45 million).
Jia Bin, chairman of Epicmems, said that Epicmems would use the money to enhance its position in the domestic supply of BAW filters, and accelerate the creation of RF modules.
Epicmems is headquartered in Xiamen City with an operation center in the Zhangjiang district of Shanghai, and sales and support centers in Shenzhen, Xi’an and Beijing.
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