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June 08, 2006
Fangtek Raises VC For New Audio Chip Work
Fangtek. Ltd, a developer of MIDI and MP3 audio chips, has raised $12M in a Series C round. The Shanghai-based company will use the capital to invest in the development and production of new audio processors based on emerging standards, such as MP4 and TV-out, for the mobile device markets.
The financing was led by Qiming Venture Partners, as well as international VCs. DFJ ePlanet Ventures, IDG Technology Venture Investment, New Frontier LG Venture Fund and Kibo Technology Advancing Capital.
Read - Fangtek Successfully Concludes Financing Round of US$12 Million
Posted on June 8, 2006 03:21 PM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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