# MEMS Drive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mems-drive

- Industry: Semiconductors
- Headquarters: Pasadena, US
- Website: www.memsdrive.com
- Total disclosed funding: $27M
- Latest round: Series B (Apr 29, 2024)
- Investors on record: 8

## About

Founded in 2014 and based in Pasadena, California, MEMS Drive Inc. is a fabless semiconductor company that engages in the research and development of drive motor based on MEMS technology. The company has branch offices in Nanjing, Shenzhen, Hongkong, and Taipei. Colin Kwan, the founder and CEO of the company, worked at Freescales and Sigmatel & Rogers. The vice president, Guiqin Wang, was previously the Driver Team Manager for DOC MEMS. In April 2024, MEMS Drive closed series B funding led by new investor Road Venture Capital Management (Beijing) Co., Ltd.

The company engages in research and developing drive motors to provide image stabilization solutions for mobile devices. Its main product is MEMS OIS drive motor based on MEMS SensorShift technology. MEMS OIS drive motor is used in portable electronic mobile equipment cameras and security cameras.

MEMS Drive Inc. generates revenue by selling MEMS OIS drive motors.

## Funding rounds

- Series B, Apr 29, 2024 — Shenzhen Capital Real Estate Fund, Beijing Yachangfu Investment Management, Road Venture Capital Management (Beijing), Lin Nan Capital
- Series A, May 11, 2021, $16M — Walden Catalyst, CTC Capital, Forebright Capital Management, Yingtian Investment
- Series A, Dec 14, 2020 — Forebright Capital Management
- Series A, Oct 19, 2016, $11M — Walden Catalyst

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A
- Forebright Capital Management (https://capitalatlas.ai/funds/forebright-capital-management) — Series A
- CTC Capital (https://capitalatlas.ai/funds/ctc-capital) — Series A
- Yingtian Investment — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B
- Beijing Yachangfu Investment Management — Series B
- Road Venture Capital Management (Beijing) — Series B
- Lin Nan Capital (https://capitalatlas.ai/funds/lin-nan-capital) — Series B