India, Jan. 21 -- Raana Semiconductors Pvt Ltd (RSPL), a deep-tech company with over a decade of experience in the semiconductor sector, specializing in Czochralski-based crystal growth systems and single-crystal materials, has raised $3 million in a seed funding round.

This marks the company's first institutional capital raise and is a pure equity round led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures), and Angel Investor Garimella Laxminarayana. Prequate Advisory served as the company's exclusive strategic advisor, partnering closely to shape the investment narrative and structure the raise.

The funds will be utilised to accelerate product ...