Coresonic, a Sweden-based chip intellectual property company backed by SEB Venture Capital, was sold to MediaTek, a Taiwan-based semiconductor company on April 10.
In 2010 Coresonic raised €2m ($2.6m) from SEB Venture Capital, a private equity unit of the Swedish bank, and Industrifonden, a fund set up by the Swedish government. SEB Venture Capital invested €1.5m of the round, which it led.
Industrifonen previously invested €1m in Coresonic in 2007.Coresonic was founded in 2004.