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July 19, 2006
Newnham Connects With VCs To Push Into Mass Market
Fabless semiconductor company, Newnham Technology, has raised $13.25M Series B (extension) round of venture capital financing, bringing in new investors Esprit Capital (recently formed by combining Prelude Ventures and Cazenove Private Equity).
It joins early backers Atlas Venture and Benchmark Capital.
To-date the firm has raised $21.75M.
Esprit/Prelude invested $3.5 M to buy a 13.5 percent stake in the company. It sees the deal as a later stage investment. Accordingly, the capital is targeted at expanding operations, accelerating development of Newnham's networking technology, and to position for what it describes as "major new high volume markets".
Regular a:c euro readers will know Newnham as the startup that we say Bill Gates would love because its silicon makes it easy to hook up several displays to a PC or laptop via a USB hub for example.
Another famous techie, David Mooring, former president and long-time executive at chip design company Rambus, is apparently a fan already. He has invested in the startup and joined its board.
Newnham chips are found in universal docking stations being sold by Kensington, a computer peripherals company.
The startup is headquartered in Palo Alto now and was founded in Cambridge where its main R&D and product development remain.
Read - Newnham Technology Raises $13.25 Million Series B (press rel.)
Read - VC Backed Newnham (a:c euro)
Posted on July 19, 2006 12:39 PM | Posted to News And Updates | Peripherals | Semiconductors | Permalink
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