Afero, Inc. announced that it has received $20.3 million in funding from Samsung Venture Investment Corporation, Fenox Venture Capital, Presidio STX, LLC, Sanshin Electronics Co., Ltd., Assembly Partners, SoftBank Capital
May 18, 2016
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On May 18, 2016, Afero, Inc. closed the transaction. The company has received $20,300,000 in its series A round of funding led by new investor Samsung Catalyst Fund, a fund managed by Samsung Venture Investment Corporation. The transaction included participation from new investors, SoftBank Capital, Fenox Venture Capital, Presidio STX, LLC, Sanshin Electronics Co., Ltd., Assembly Partners, and Robert Dobkin. The amount includes conversion of promissory notes.
SANSHIN ELECTRONICS CO., LTD. is a Japan-based company mainly engaged in the sales of electronic devices and the providing of information technology (IT) solutions. The Company mainly operates in two segments. The Device segment is engaged in the sales of semiconductors and electronic components to electronics manufacturers, besides, it also provides technical support such as software development and module development. The Solution segment is engaged in information and telecommunications network business which provides infrastructure design, construction, operation and maintenance services to private enterprises, government agencies and municipalities.
Afero, Inc. announced that it has received $20.3 million in funding from Samsung Venture Investment Corporation, Fenox Venture Capital, Presidio STX, LLC, Sanshin Electronics Co., Ltd., Assembly Partners, SoftBank Capital
SANSHIN ELECTRONICS CO., LTD. 
