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August 10, 2009

VC Firm, Battery Ventures Leads $24 Million Investment in Series C Funding for Amalfi Semiconductor

Filed under: Venture Capital News — admin @ 5:37 am

Based in Los Gatos, California, Amalfi Semiconductor announced today that it had received $24 million in series C funding, which was led by new investor, Battery Ventures. All the company’s existing investors also participated in this round of funding. The other existing investors include DCM, Globespan Capital, and Trinity Ventures.

Amalfi Semiconductor is a company that manufactures low cost and low power mixed signal CMOS RF for cellular applications. The company has strong backing from both the above mentioned vc firms as well as private investors. Amalfi is currently anticipating rapid growth, because of the demand of the company’s CMOS technology. Proceeds from this round of funding is intended to help Amalfi Semiconductor handle this rapid growth when it happens. Furthermore this round of funding will also help the company boost its product development and build an aggressive marketing campaign.

According to the CEO and founder of Amalfi Semiconductor, Jim Finch, over the past several years, the company has been able to secure a good client base and since Amalfi introduced its first product in 2008, the company has proven to several cellular manufacturers that its CMOS technology offers a much higher grade front end system, compared to the competing technology currently available. Mr. Finch further stated that this round of funding provided by these prominent venture firms will allow the company to further advance and expand its market presence with its proprietary technology that the management team at Amalfi will lead to a paradigm shift to the new CMOS technology. Furthermore, the fact that the cost of this technology is reasonable and that its operational functions are energy efficient, this technology will greatly improve wireless communications and greatly improve battery life in the cell phones that employ this technology.

According to Ken Lawler, General Partner at Battery Ventures, the team at Battery Ventures has researched this particular market for over a year, and has been watching all the emerging players in this market to find a good opportunity for an investment. Furthermore, investors know that CMOS technology is a multibillion dollar market and that Amalfi’s position in this market has a positive outlook and the company’s management team makes Amalfi poised for success.

Battery Ventures is a vc firm that has been around for over 25 years and mainly invests in companies within the tech industry and focuses its investments in all stages of a company’s life. Battery Ventures invests globally and the vc firm has over $3 billion under its management. Battery Ventures also deals with private equity as well as venture capital. Some other companies in Battery’s portfolio include Akamai, SpotRunner, FingerHut, BladeLogic, Tejas Networks, Nova Technologies, and others.

DMC is a vc firm that invests in early stage companies and likes to partner with entrepreneurs who can bring disruptive products to the marketplace. Currently DMC has over $1.6 million under its management and is based in Silicon Valley, but also has offices in Beijing, China; and Tokyo, Japan. Other companies in DMC’s portfolio include @Motion, 2Wire, About.com, Bill.com, Brickfish, Cortina, Hudong, and others.

Globespan Caqpital is a global vc firm that is based in Boston, Massachusetts; Palo Alto, California; and Tokyo, Japan. Currently Globespan has over $1 billion under its management and invests in companies throughout the United States, China, and Japan. Some other companies in Globespan’s portfolio include Airgate, Aptis, Argon Networks, Arkivio, Cerulean, ClearWire, and others.

Having been around for 22 years and with experienced investors, Trinity Ventures has over $1 billion under its management and mainly invests in early stage companies who are in the digital media, internet services, mobile, security, and software industries. Other companies in Trinity’s portfolio include 24/7 Real Media, AllData, Aruba Wireless Networks, Avaak, BackWeb, BabyCenter, and others.
For more information about Amalfi Semiconductors, click here.

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