The Deal
Sunday, November 22, 
2:50 am

ZeroG raises $17M for wireless chips

  Share     E-Mail    Discussion    Print Story
 

zerog.jpgAn unusually moderate cash burn for a semiconductor company helped ZeroG Wireless Inc., a designer of wireless chips that enable an Internet connection for devices from digital picture frames to refrigerators, snare a $17 million Series B round despite rocky economic conditions.

Battery Ventures of Waltham, Mass., led the latest round. Addressing concerns that startups would be challenged to justify their valuations in the current climate, CEO John Cummins said that the latest investment had been an "up round," with the company's valuation growing since it closed its $13 million Series A financing a year ago.

Also participating in the round were Series A investors Morgenthaler Ventures of Menlo Park, Calif., and Greylock Partners of San Mateo, Calif. -- Andrea Orr

 

See Oct. 27 press release from ZeroG Wireless

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.