NxtWave gets more funding
By BroadCasting & Cable Staff -- Broadcasting & Cable, 6/4/2000 8:00:00 PM
DTV demodulator chip manufacturer NxtWave Communications has raised $15 million in additional venture capital from its third equity round.
The Langhorne, Pa.-based company, which has developed an 8-VSB demodulation chip aimed at fighting multipath interference, raised $3 million in initial financing in 1996 and $13.6 million in a second round last September.
Previous investors participating in the latest round: Anadigics Inc., Blue Rock Capital, Dimensional Partners, Intel Capital, Oak Investment Partners, Pequot Venture Partners, PS Capital Ventures, Venture First Associates and Whitney & Co. New investors are C.E. Unterberg Towbin Capital Partners, Mitsubishi International Corp., MC Capital Inc. and MC Silicon Valley Inc.
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