New and existing investors back Nujira’s vision with £10 million round
Nujira, the leading developer of technology to reduce power consumption in smartphone transmitters by 30-50%, has secured a further £10 million of funding for its growth plans.The investment round, led by a new investor, Climate Change Capital Private Equity (CPE) and supported by existing investors Amadeus, NES Partners, Environmental Technologies Fund (ETF) and the angel investors, will reinforce Nujira’s vision to install its Coolteq wideband Envelope Tracking technology into 800 million energy efficient 3G and 4G devices by 2016.
Tim Haynes, Nujira’s CEO, said “The funding will allow the expansion of Nujira’s handset engineering team to support product development and engagements with leading vendors in the global handset market.”
“Nujira has established itself as the market leader in Envelope Tracking and is shipping silicon. We have protected our IP position by building the world’s most extensive and complete portfolio of patents filed or granted covering Envelope Tracking and the implementation of efficient wideband Power Amplifier (PA) transmission systems.”
CPE, one of the largest investors in growth cleantech companies, is providing £6 million of equity financing, and James Hook, director of CPE, will be joining the Nujira board.
“Nujira’s technology has a compelling business case coupled with very attractive environmental attributes – a rare and exciting combination. Using Coolteq, the next generation of 3G and 4G smartphones will not only use less power in the transmitter, but will be smaller and cheaper as well. Nujira represents exactly the kind of high growth cleantech investment opportunity that we specialise in supporting.” James Hook said.
Tim Haynes, continued, “It is good to see both new and current investors supporting Nujira’s vision through to profitability. We look forward to welcoming CPE, another experienced, knowledgeable and well connected investor into the company and board. CPE has decided to invest in Nujira after a thorough investigation of our business strategy, technology and product roadmap, management team and future prospects. Moreover, this funding round gives us the resources we need to build on our success and make Coolteq the power optimisation technology of choice in smartphones and other data-oriented devices.”
Nujira announced a second generation handset test chip at Mobile World Congress in Barcelona, in February 2011, as well as the completion of an Envelope Tracking Processor IC for cellular network infrastructure. Nujira’s patent portfolio covers energy efficient Radio Frequency (RF) transmitters in cellular handset, wireless infrastructure and digital broadcast applications across the US, Asia and Europe. The company recently announced the filing of its 100th patent application.
1st August 2011
Nujira opens IC Design Centre in Edinburgh with Support of Scottish Development International