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Chipidea Scores 5M Euro Series C

Tuesday, January 02, 2007 9:00:00 AM PDT | VentureDeal Staff

LISBON, PORTUGAL  --  Chipidea announced that it has closed a series C funding round with a 5,000,000 Euro investment from sole investor Fundo de Capital de Risco para Investidores Qualificados ES Ventures II (ESV).  The fund is managed by Espirito Santo Ventures, a leading Portuguese private equity company.

Chipidea intends to use the funding proceeds to expand its business and make strategic acquisitions to build out is worldwide R & D operations.

Chipidea is a leading analog/mixed-signal merchant technology supplier that sells into the wireless communications, digital media and consumer electronics OEM markets.


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