- Date.
- 15 December 2008
- Publication.
- News
- Author.
- Balderton
Icera secures £47m backing
A Bristol-based chipmaker has secured $70m (£47m) of further backing from some of the technology sector's biggest venture capital firms to spur its assault on consumers' desire for data on mobile devices.Icera yesterday concluded a seven-month pursuit of further funds to take it to expected profitability in a year's time by securing $60m of new equity and $10m of debt.
In the past Icera has raised $142.5m in five funding rounds from companies including Motorola, the mobile phone maker, 3i, Balderton Capital, which backed social networking website Bebo and Setanta, Accel Partners, which financed Facebook and BitTorrent, and Amadeus Capital Partners, which backed Lastminute.com.
The new $10m of debt financing was provided by ETV Capital and MMV Financial Inc.
