Icera Adds $40M Funding

Wireless soft modem company Icera raises $40M in Series C funding

March 15, 2006

1 Min Read

BRISTOL, U.K. -- Icera Inc., the wireless soft modem company, today announced that it has secured a further $40M in venture capital in a Series C funding round. Amadeus Capital Partners led this round, joined by Icera’s existing investors, Accel Partners, Atlas Venture and Benchmark Capital.

Icera has now raised a total of $82.5M in venture funding since it was founded in 2002, placing it among the best funded early stage technology companies in Europe.

Dr Hermann Hauser, General Partner of Amadeus Capital Partners, who joins the Icera Board, said: “We have tracked Icera for some time and we believe Icera’s wireless soft modem platform will become established as a leader in the core of mobile phones’ designs because of the quality of the team and its technology. We look forward to working with the Icera team to accelerate this.”

Stan Boland, President and CEO of Icera said: “Amadeus is an extremely experienced semiconductor venture investor, as witnessed by their investments in companies such as CSR. We are delighted to welcome Amadeus as a major new investor in Icera and look forward to working with the firm as we build our business. Overall, the quality of our backers is an added endorsement of our world-class team, category-defining technology and strong market momentum.”

Icera Inc.

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