Thursday, July 21, 2016

Mobius Sees Exit At Impinj

Boulder-based venture firm Mobius Venture Capital can notch another IPO on its belt (perhaps, its last), after the successful IPO of portfolio company Impinj this morning. Impinj--which first saw funding from Mobius way back in the early 2000's--develops RFID semiconductors and related products, and is based in Seattle. Mobius--the predecessor venture capital firm to the Foundry Group--invested in Impinj as part of its Mobius Technology VI fund. Mobius Ventures owned 9.2 percent of Impinj before the IPO. Impinj now trades on the NASDAQ Global Select Market as PI. Impinj looks to be one of the very last companies in the Mobius VI fund to see an exit -- that fund had invested in Danger (acquired by Microsoft), FeedBurner (acquired by Google), Infinera (IPO), Postini (acquired by Google), Quova (acquired by Neustar), Sling Media (acquired by DISH), Xythos Software (Acqjired by BBBB), and Stratify (Acquired by IRM).