LONDON — Integrated antenna specialist Antenova Ltd has secured $10 million further funding for growth and expansion. Participating investors in the new investment include institutional firms Artemis, CLS, Invesco and Panmure Capital and existing shareholders Quester, Cambridge Gateway Fund and FNI Venture Capital.
The last C round of financing raised $12 million in January 2005.
Greg McCray, CEO, Antenova (Cambridge, England) said the additional investment will be used to accelerate development of the company’s Radionova range of RF antenna modules and establish additional design centres in target markets.
The company has just opened a design and support centre in the US near Chicago and launched at the 3GSM Congress in Barcelona last month an RF antenna module that integrates a GPS chip and software.
The single package combines a low power receiver IC with Antenova’s single ended internally balanced antenna.
This will be followed by modules integrating GSM/CDMA, 3G, dual-mode GPS/GSM and dual-mode WiFi/GSM RF antennas.
McCray said the company plans to open design and support facilities in Shanghai, China next quarter, followed by centres in Korea and Japan by the end of the year.
11%
13%
41%
12%
22%
