BitWave Semiconductor, Inc. Obtains $10,000,000 Series B Financing Round

  • Feed Type
  • Date
    8/19/2008
  • Company Name
    BitWave Semiconductor, Inc.
  • Mailing Address
    900 Chelmsford Street, Floor 7 Lowell, MA 01851
  • Company Description
    Since its inception, BitWave has been dedicated to the development of a universal programmable transceiver, the Softransceiver™ RFIC to meet this industry problem. The patent pending technology embodied in the product is unique and will allow wireless carriers and cell phone manufacturers to deploy more services and devices in less time with additional functionality.
  • Website
    http://www.bitwavesemiconductor.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funding will be used to realize commercialization of BitWave’s BW1102 Softransceiver RFIC as the BW1102 moves into full volume production during Q4/2008 for fulfillment of initial supply contracts.
  • M&A Terms
  • Venture Investor
    TVM Capital
  • Venture Investor
    Apex Venture Partners
  • Venture Investor
    eCentury Capital