Product category: Communications ICs (Wireless)
News Release from: SiGe Semiconductor
Edited by the Electronicstalk Editorial Team on 16 January 2003
SiGe completes second round
SiGe Semiconductor has raised GBP 26.7 million (US $42.8 million) in second round funding.
SiGe Semiconductor has raised GBP 26.7 million (US $42.8 million) in second round funding The investment is the third highest round of financing closed by a fabless semiconductor company during the last year, according to the Fabless Semiconductor Association
This article was originally published on Electronicstalk on 24 Jun 2008 at 8.00am (UK)
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The funds will support new product developments, as well as operations through to a cash flow positive position.
The lead investor was Boston-based TD Capital Technology Ventures, joined by new investors 3i US and Prism Venture Partners, along with returning investors VenGrowth Capital Partners, CDP Capital, Business Development Bank of Canada (BDC), Capital Alliance Ventures, and Canadian Science and Technology Growth Fund.
"We are proud of our continued successes in light of current market conditions", said Jim Derbyshire, President and CEO, SiGe Semiconductor.