Cambridge Broadband Gets $15M

Second round funding secured from Gilde IT Fund, Amadeus Capital Partners, Kiwi II, and TVM

May 22, 2001

1 Min Read

CAMBRIDGE, U.K. -- Cambridge Broadband Ltd. (CBL), a leading broadband wireless equipment developer, today announces that it has closed $15 million in second round funding. The funding was secured from a group of four European venture firms: Gilde IT Fund, based in the Netherlands, Amadeus Capital Partners, based in the UK, Kiwi II, advised by Pino Partecipazioni, based in Milan and TVM, based in Munich and Boston. Amadeus Capital Partners led the first round investment in early 2000.

The investment will accelerate CBL's roll-out of its broadband wireless technology and enable the company to continue its global market expansion. CBL Chief Executive, Peter Wharton explains: "We are pleased to close our second round of funding with sophisticated investors with global reach and experience. Their worldwide reputation and influence validates the escalating market opportunity as well as the strength of Cambridge Broadband's business model.

"We have already made significant progress in bringing our VectaStar broadband wireless system to market. The product is in manufacture at Benchmark Electronics and systems are on trial with lead customers including AT&T Laboratories, Cambridge. This investment will enable us to maintain our focus on excellent support for our customers - the operators - on a wider scale."

Cambridge Broadband Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like