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LGC Wireless completes new funding

SAN JOSE, Calif.-In-building wireless solutions company LGC Wireless Inc. said it completed the second close of its series B-1 equity financing in the amount of $2 million.

The total raised in the round is $13 million. GunnAllen Venture Partners was a major new investor in the round, which also included existing investors.

Funds will be used for general working capital and for continued expansion of its international sales activities, said LGC.

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