Tessolve raises $75 million for expansion and acquisitions

Tessolve, which provides engineering services for chip makers, just raised $75 million from US-based Vector Line Capital, plus previous investors TPG and Novo Tellus. The new money is earmarked for acquiring other companies and expanding Tessolve’s global reach. Tessolve has already acquired a German chip design firm and now aims to boost its capabilities in a sector where it's already working with almost every major semiconductor company.

• Tessolve raised $75 million led by Vector Line Capital
• Prior backers TPG and Novo Tellus joined in
• Funds target acquisitions and global expansion
• Tessolve serves 18 of top 20 chip companies
• Recent acquisition was Germany's Dream Chip Technologies