Intelleflex, a provider of Extended Capability RFID, announced that it has received $8M in funding in the initial close of an investment round led by New Venture Partners.

Earlier round investors Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund also participated.

Intelleflex President and CEO Peter Mehring said, "We're delighted to secure this financing, and that New Venture Partners will be joining the team. We'll use proceeds toward completion and launch of our next generation product set, scheduled for introduction early next year, and to fund ongoing operations and expansion beyond."