Charlton Associates of Irvine announced Wednesday that...

Charlton Associates of Irvine announced Wednesday that it has received $7.1 million in its latest round of venture capital financing. The investment brings to $26 million the amount that the computer disk maker has received since its creation in 1981.

The company said the new investment funds would be used for plant expansion, new-product manufacturing and debt retirement. The company recently signed a lease for an additional 65,000 square feet next to its 50,000 square-foot main manufacturing facility to handle its new product line.