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VC: Prism closes fifth fund for wireless investments
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Wireless VC investments this week totaled $288.1 million, up significantly from the $64 million total we reported on June 16. Wireless VC was dominated this month by Prism Venture Partners, which created a new fund dedicated to investing in wireless startups.
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VENTURE CAPITAL |
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|
COMPANY |
AMOUNT/ROUND |
LEAD INVESTORS |
DESCRIPTION |
|
Prism Venture Partners
|
$250M
|
N/A |
Early-stage venture capital group Prism Ventures closed its fifth fund, a $250 million firm that will invest in wireless startups. |
|
PicoChip
|
$20.5M
|
Scottish Equity Partners |
PicoChip has developed scalable wireless chip technology that can be used for a number of technologies, including WiMax, WCDMA, and TD-SCDMA. The company is a member of the 2005 FierceWireless Fierce 15, an annual list of the top emerging wireless companies. |
|
Beceem Communications
|
$9.6M
|
Walden International, Sequoia Capital and Global Catalyst Partners |
Beceem Communication is developing broadband wireless technology. |
|
Airimba Wireless
|
$5M
|
Sevin Rosen Funds, Harbert Venture Partners, and Noro-Moseley Partners |
Airimba Wireless is a WISP that installs WiFi networks in residential properties and resells access to residents. |
|
Netcordia
|
$3M
|
Novak Biddle Venture Partners |
Netcordia makes an automated network diagnostic tool that analyzes VoIP, wireless, VPN, VLAN, and IP networks for enterprise and government users. |
