Monday, July 11, 2016

Mobius Portfolio Firm Impinj Edges Closer To IPO

One of the portfolio companies of Mobius Venture Capital, the predecessor to Foundry Ventures, is finally seeing the light of the market, and has set its initial IPO pricing range. Impinj, which has been in the Mobius Venture Capital portfolio since before 2004, via the Mobius Technology Ventures Advisors Fund VI L.P and affiliated funds, says it has been approved to list on the NASDAQ Global Select Market as PI. Mobius Ventures owns 9.2 percent of Impinj before its IPO. Mobius VI was the last fund from Mobius Ventures before its principals launched Foundry Ventures -- and had such prior successes as FeedBurner (acquired by Google); Sling Media (acquired by DISH); Infinera (IPO); Stratify (acquired by IBM), and many others. Mobius is based in Boulder, Colorado.