MA – Vivace 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.