Nujira raises $20 million in new funding to support product roadmap
CAMBRIDGE, U.K. – April 2, 2014 – Nujira Ltd, the world’s leader in Envelope Tracking (ET) technology, has closed a new funding round, raising $20 million (£12.2M) for working capital to support the production ramp of its Coolteq chips, and to fund continued development of the company’s long term product roadmap.
Each of the existing angel and major investors participated in the round, including Amadeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, SAM Private Equity and NES Partners. In addition, Investec Bank introduced new investors to the Company including GAM (on behalf of its GAM Star Technology strategy) and Investec as well as other institutional and high-net-worth clients.
Tim Haynes, CEO, Nujira said: “Envelope Tracking will shortly be a standard component in 4G smartphones and tablets, but we aren’t just focused on how ET can be implemented in the latest handsets; we are already working on the next three generations of our ET chips. The company is in a strong position, we have good traction with some world-leading customers and we have a compelling product roadmap. The new investment will be important in helping us execute our aggressive growth plans as we look to take advantage of our position as the leading authority on ET.”
To support its product development roadmap Nujira will shortly be opening a new design centre in Santa Clara, California. Adding to Nujira’s world-class design team in the UK, the new design centre will focus on the development of next generation ET ICs. It will also provide a base for local applications and operations support to US-based customers and partners.
Brian Modoff, Senior Technology Analyst, Deutsche Bank US commented: “The rapid rollout of higher data rate 4G networks worldwide across multiple frequency bands is driving up complexity, and hence value, in the RF front end, and the market is forecast to grow to $12 billion by 2018. Envelope Tracking is a fundamental technology which will play a key part in transforming the supply chain, enabling and accelerating the transition to all-CMOS RF front ends – a transition in which Nujira is playing a leading role.”
Nujira is currently engaged with all major smartphone chipset vendors and expects its Coolteq.L ET chips to be designed into 4G smartphones in 2014.
About Nujira
Nujira is the world leader in Envelope Tracking, a disruptive new technology that is significantly enhancing the performance of 4G smartphones and other wireless devices. Nujira pioneered the use of Envelope Tracking in modern digital communications, and holds the most extensive patent portfolio for the technology with over 200 patents filed or granted.
Envelope Tracking is set to be universally adopted across the smartphone industry in 2014, with a potential market of 4 billion units a year.
Nujira is a fabless semiconductor company headquartered in Cambridge, UK. Founded in 2002 and now employing over 60 people, Nujira is funded by leading European venture capital institutions.
For more information, please visit www.nujira.com, follow us on Twitter @nujira_et or view our Tumblr http://nujira.tumblr.com/
About GAM
GAM is an independent, active asset manager and member of the GAM Holding Group. GAM delivers investment solutions to institutions, intermediaries, private clients and charities from offices in financial centres around the world. Its capabilities span investment strategies across equity, fixed income, absolute return, alternative investments, discretionary portfolio management and tailored investment solutions. Its aim is to deliver strong, long-term returns for its clients through some of the world’s most talented investment managers. GAM’s focus on performance, risk management, uncompromising investment standards and partnership with its clients enables it to achieve that objective. GAM Holding AG has assets under management of CHF 114.4 billion* (USD 128.7 billion)* and employs over 1,000 staff with offices in 10 countries.
* As at 31 December 2013
About Investec
Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia as well as certain other countries. The group was established in 1974 and currently has approximately 8 200 employees.
Investec focuses on delivering distinctive profitable solutions for its clients in three core areas of activity namely, Asset Management, Wealth & Investment and Specialist Banking.
