Stathera raises US$15M series a funding round

Stathera, a Montreal, Canada-based provider of MEMS (Micro-electromechanical Systems) timing solutions, raised US$15M in Series A funding.

The round was co-led by BDC Capital’s Deep Tech Venture Fund and Celesta Capital, with additional participation from strategic investors including MediaTek, Seiko Epson, and TXC. With the Series A investment, BDC Capital Partner Charles Lespérance and Celesta Capital Partner Terry Gilton will join Stathera’s Board of Directors.

The company intends to use the funds to commercialize its DualMode GEN1 MEMS timing product line, increasing production capacity in the months ahead to meet customer demand, and invest in the advancement of its GEN2 high-performance technology.

Led by CEO George Xereas, Stathera is a semiconductor company focused on providing MEMS-based timing solutions. As a core component of their commercialization strategy, the company is developing numerous strategic partnerships with companies who will help enable global distribution of their products. Stathera has entered into a commercial collaboration agreement with South Korean conglomerate, Doosan. The company is also pursuing partnerships with semiconductor industry leader MediaTek, as well as quartz timing leader TXC.