SkyCross Receives $14 Million Investment Led by TL Ventures
SkyCross, a leading developer of advanced wireless antenna solutions, today announced the closure of a $14 million round of financing led by TL Ventures. TL Ventures is an esteemed investment firm engaged in venture capital for more than 17 years with over $1.4 billion under management focusing on communications, IT and semiconductors. The investment will provide capital to fuel continued growth at Skycross.
This investment reinforces a string of SkyCross design successes in the wireless marketplace, including numerous embedded antennas for handsets and PC data cards, as well as for mobile video devices. The company will use the funding to accelerate the growth of its design and production capabilities while continuing to expand in global markets.
�We are delighted to be endorsed by an investor of this stature. TL Ventures� participation validates our traction with leading customers in the exploding wireless mobile device industry and our prospects for future growth� said Dr. Chris Morton, CEO of SkyCross. �It has been a pleasure to engage the talented team at TL Ventures.�
�SkyCross is poised for continued success with a strong management team, considerable market footprint, and solid intellectual property,� said Michael Burns, managing director at TL Ventures. �We are pleased to invest in a company that has demonstrated the significant progress that SkyCross has. We look forward to helping the company realize its full potential.�