Nujira Closes $20M Funding
Nujira Ltd, a Cambridge, UK-based developer of Envelope Tracking (ET) technology, closed a $20m (£12.2m) funding round.
Backers included Amadeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, SAM Private Equity and NES Partners as well as new investors GAM (on behalf of its GAM Star Technology strategy), Investec and other institutional and high net worth clients.
The company intends to use the funds for working capital to support production ramp of its Coolteq chips, and to fund continued development of the its long term product roadmap. To support product development, Nujira will shortly be opening a new design centre in Santa Clara, California, which will focus on the development of next generation ET ICs and will provide a base for local applications and operations support to US-based customers and partners.
Founded in 2002 and led by Tim Haynes, CEO, the company provides an envelope tracking technology that enhances the performance of 4G smartphones and other wireless devices.
Nujira, which employs over 60 people, is currently engaged with all major smartphone chipset vendors and expects its Coolteq.L ET chips to be designed into 4G smartphones in 2014.