December 29, 2008: Growthink , an investment banking and business development services firm, is raising a $6 million Series B round for XCOM Wireless, a fabless developer of wireless semiconductor components for the industrial and consumer wireless industry.

XCOM’s MEMS-based products increase data transfer rates, reduce dropped calls, and extend battery life for wireless devices. Its solution increases component integration for a smaller footprint at lower cost. Growthink advised XCOM’s successful Series A capital-raising effort.

“XCOM’s technological solutions are critical to meeting the needs of consumer wireless radio manufacturers and users, who continue to demand more capability and efficiency from their mobile devices,” said Emily Burg, Growthink’s vice president of strategy. “We believe that XCOM is poised to become a leader in the $4 billion wireless component and module sector.”