DiBcom Raises €20M

PARIS -- DiBcom, the market leader in integrated circuit (IC) solutions for mobile TV reception, has announced the closing of its fifth round of financing at €20 million (approximately $27 million U.S.), bringing its total funding to date to €60 million (approximately $80 million U.S.). As part of the round, DiBcom has added a new financial partner, NATIXIS, which subscribed for 50%, with remaining funds coming from DiBcom’s established global team of investors including 3i, Cipio Partners, Convergent Capital, Crédit Agricole Private Equity, Intel Capital, Partech International, SGAM Alternative Investments, UMC Capital, and WI Harper.

The additional funding will enable DiBcom to further accelerate international growth and consolidate its leadership position as mobile TV markets in Europe and worldwide take off. According to market analyst firm Rethink Research, more than 300 mobile TV trials are currently ongoing worldwide, with 73% of deployments using DVB-H, the global standard and a DiBcom stronghold. These pilots are due to become commercial deployments in 2008 and are adding to mobile TV networks already launched with success, such as in Italy, Finland, Russia and South Africa.

"A pioneer in Mobile TV chip design, DiBcom has successfully established itself as the expert and go-to-vendor in the sector. Electronics firms worldwide have realised that there is a clear advantage in deploying our technology over competing solutions, for example, in terms of reception quality, particularly when moving around and about town with a mobile phone in hand. DiBcom based phones don’t lose a single second of content. That is presumably a key reason why major electronics firms and others use DiBcom," explains Yannick Lévy, CEO of DiBcom.

DiBcom