Semco secures £3.8m in financing

Semco Engineering, a provider of clamping solutions for the semiconductor industry, is reported to have secured €4.5m (£3.8m) in a private-equity round of financing led by Demeter 2, the Paris-based European fund dedicated to expansion capital in clean-tech companies.

Funds will be used to expand manufacturing, sales and logistics capabilities.

The financing has been followed by Soridec, a venture-capital firm based in Languedoc-Roussillon.