Elonics reports closing of £6.1m investment round

Elonics, a provider of CMOS RF tuner technology, has announced the closing of a £6.1m Series B investment round led by venture capital firm Scottish Equity Partners and supported by investment company Octopus Ventures, alongside a number of existing investors. 

The investment will allow Elonics to accelerate the expansion of the overseas sales team, with the opening of regional offices in Taiwan and China.