4G mobile tech co Nujira completes USD20m investment round
Nujira Ltd, a specialist in Envelope Tracking (ET) technology, which improves battery life, boosts signal strength and increases data rates in 4G mobile phones, has raised USD20m (GBP12.2m) of working capital.
The cash will be used to ramp up production of Nujira’s Coolteq chips and support further product development.
Each of the existing angel and major investors participated in the round including CCC Private Equity, Amadeus Capital Partners, Environmental Technologies Fund, SAM Private Equity and NES Partners. In addition, Investec Bank introduced new investors to the company including GAM (on behalf of its GAM Star Technology strategy) and Investec as well as other institutional and high net worth clients.
Tim Haynes, CEO, Nujira says: “Envelope Tracking will shortly be a standard component in 4G smartphones and tablets, but we aren’t just focused on how ET can be implemented in the latest handsets; we are already working on the next three generations of our ET chips. The company is in a strong position, we have good traction with some world-leading customers and we have a compelling product roadmap. The new investment will be important in helping us execute our aggressive growth plans, as we look to take advantage of our position as the leading authority on ET.”
To support its product roadmap Nujira will shortly be opening a new design centre in Santa Clara, California. Adding to Nujira’s design team in the UK, the new design centre will focus on the development of next generation ET products. It will also provide a base for local applications and operations support to US-based customers and partners.
Brian Modoff, senior technology analyst, Deutsche Bank US, says: "The rapid rollout of higher data rate 4G networks worldwide across multiple frequency bands is driving up complexity, and hence value, in the Radio Frequency (RF) Front End, and the market is forecast to grow to USD12bn by 2018. Envelope Tracking is a fundamental technology which will play a key part in transforming the supply chain, enabling and accelerating the transition to integrated RF front ends - a transition in which Nujira is playing a leading role."
Nujira is currently engaged with all major smartphone chipset vendors and expects its Coolteq.L ET chips to be designed into 4G smartphones in 2014.
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