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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