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Vivace Semi Lands Second Tranche of Series A

Monday, February 26, 2007 6:00:00 AM PDT | VentureDeal Staff

BEVERLY, MAVivace Semiconductor closed the second tranche of its series A funding round, adding $7 million in new investment to the $3 million previously funded.

Vivace is developing semiconductors aimed at enhancing video applications in the mobile device and portable TV markets.  The company intends to use the funding for general corporate purposes and to launch its solutions later this year and begin generating revenue in 2008.Vivace used the first tranche of $3 million to acquire chip developed General Circuits Ltd. of China and to establish a new entity, Vivace China.

Investors in the round were led by Kodiak Ventures, which included China-based DragonVest Partners, Hotung Capital Management of Taiwan and China Renaissance Capital Investment of Hong Kong.

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