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June 13, 2006
Euro VCs Back BridgeCo's Move To LA
BridgeCo, a Swiss startup specialized in digital home networking chips and middleware, has raised a series D round of $23M, led by two new investors, Advent Venture Partners and Wellington Partners, both European fund managers.
They were joined by all of BridgeCo’s Series C investors: Benchmark Capital, Cipio Partners (formerly Infineon Ventures), Earlybird Venture Capital, Fidelity Ventures and Intel Capital.
The company also announced the opening of their new global headquarters in Los Angeles. The capital injection is to be used to "accelerate market adoption and product development activities".
All but one of the firm's original founders have left the company and it has recently appointed Gene Sheridan as CEO who hails from an executive role in the communications unit of International Rectifier, a power semiconductor manufacturer. The move to LA is meant to tap the market proximity, the "entrepreneurial leadership talent, expansion, and exit opportunities" provided by that locale.
Read- BridgeCo Raises $23M in Latest Venture Finance Round
Posted on June 13, 2006 02:48 PM | Posted to Media | News And Updates | Semiconductors | Venture Capital | Permalink
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