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Sequans Communications, a leading supplier of fixed and mobile WiMAX chips, has raised $24 million in a new round of equity financing.

The round was led by Kennet Venture Partners, a leading international private equity firm that provides growth equity to technology businesses in Europe and the U.S. Sequans’ existing investors, Add Partners, Cap Decisif, T-Source, SG Asset Management and Vision Capital, also participated in the round.

For this transaction, Sequans was advised by Clipperton Finance, a corporate finance boutique focused on the high-tech and media sectors.