Silecs International has raised $16 million in venture capital funding for international expansion. The company is seeking to use the proceeds to boost its research, production and customer support capabilities from its traditional base in Finland into Asia.

Singapore’s global fund, EDB Investments, led the investment round with support from investors, including Tempo Capital Partners, Innovations Kapital and Finnish Industry Investment. Silecs International is a venture-backed developer and manufacturer of advanced siloxane polymers.

Click here for the release from PR Newswire.