Growth equity investment · Industrial tech
Tessolve secures $150 million from TPG Growth
The semiconductor engineering company will expand delivery centers and test labs while pursuing acquisitions.
Tessolve has secured $150 million from TPG, which invested through its TPG Growth platform. The funding will support global delivery centers, advanced testing laboratories and strategic acquisitions.
The Hero Electronix venture provides engineering services from chip architecture and design through testing and embedded systems. It plans to use the investment to strengthen its research capabilities and expand its role in the semiconductor supply chain.
Use of funds
Expand global delivery and testing capabilities
Strategic acquisitions
Funding history
Growth equity investment · This round$150M
Equity investment$40M