August 30, 2006 – SiGe Semiconductor, a provider of ICs and chipscale modules, has raised $19.5 million in an expansion round of funding, to fund new product development and support expanding operations for an expanding global customer base.
“This funding will be instrumental in bringing new products to market, and expanding our portfolio to address high-growth opportunities in the cellular, GPS and WiMAX(TM) markets,” stated Jim Derbyshire, SiGe Semiconductor CEO and chairman. Investments were led by TD Capital, Prism Venture Partners, VenGrowth Private Equity Partners, and 3i Technology Partners, with previous investors Hunt Ventures, RWI Group, GrowthWorks, and Vista Ventures.
The company develops ICs and RF frontend modules for Bluetooth-enabled portable devices, GPS, and telematic systems, as well as 802.11a/b/g/n Wi-Fi devices, and WiMAX broadband access equipment. Revenues surged from $11.9 million in 1H05 to $23.0 million in 2H06, compared with $3.6 million in all of 2003.