Oct. 18, 2006 — WiSpry Inc., a fabless semiconductor company developing dynamically tunable radio frequency integrated circuits for wireless devices, announced it has raised a $13.5 million Series B financing.

L Capital Partners, a new WiSpry investor, led the round. Participating in the round was other new investor Hotung Capital Management, as well as existing investors American River Ventures, Blueprint Ventures, In-Q-Tel, Tech Coast Angels and Western Technology Investment.

“The company’s patented CMOS-compatible manufacturing process makes us the first fabless semiconductor company to enable high-volume, low-cost commercial production of fully integrated RF-MEMS (micro-electro-mechanical systems) devices,” said WiSpry co-founder and CEO Jeff Hilbert in a prepared statement. “As a result, we will deliver next-generation performance at prices competitive with traditional integrated circuits.

He said the financing would fund continued growth as the company ramps the development, production and sales of its integrated RF-MEMS-enabled CMOS products for the mobile handset market. He said the company’s proprietary products would eliminate the need for multiple RF paths required in multi-standard, multi-band applications, including ‘global’ mobile phones, mobile wireless subsystems and wireless base stations.