Morse Micro pulled off one of the biggest capital raises in Australian startup history in 2022 when it banked a $170 million Series B. Though founder Michael De Nil is not ruling out a Series C, he ultimately has his mind on raising capital the old school way — by going public.
After last year releasing its first WiFi chip, which Morse Micro says can beam signals 10 times further than today’s standard, its current priority is getting “significant” revenue into company coffers.
But when the time is right, De Nil will be aiming for an IPO.
“The plan for the company is to be around for a long time, so part of that will be taking it public in the future,” he said in an interview. “We’re not looking to build some IP then try to sell the company off to another semiconductor company ... We’re looking to build real products, get some real revenue and then take the company public from there.”
