GameChanger Law, Nishith Desai, IndusLaw, and Tatva Legal Advise on Investment Round Led by Speciale Invest and Rocketship.vc
Mindgrove Technologies, a semiconductor startup founded in 2023 in Chennai by Shashwath T R and Sharan Srinivas J, has raised $8 million in its Series A funding round.
The round was co-led by Speciale Invest and Rocketship.vc, with additional participation from Peak XV Partners and Mela Ventures.
GameChanger Law Advisors represented Speciale Invest, assisting with the review and negotiation of transaction documents. The firm’s team included Senior Partner Samheeta Rao and Associate Janhavi Kukreja. Nishith Desai Associates advised Rocketship.vc, while IndusLaw supported Peak XV Partners and Tatva Legal represented Mela Ventures.
Mindgrove Technologies specializes in developing high-performance microprocessors based on the open-source RISC-V architecture. The company’s System-on-Chip (SoC) solutions are designed for a variety of smart devices, including smartwatches, CCTV cameras, smart locks, and power meters. The $8 million funding will support the commercial launch of Mindgrove’s first microcontroller chip, “Secure IoT,” which is expected to hit the market by mid-2025.
