Xconomy Seattle

Avnera Corporation Garners $10,000,000 Series D Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5ec330b-c765-42e1-8e75-89a71319c11c&Preview=1
Date
1/14/2010
Company Name
Avnera Corporation
Mailing Address
16505 NW Bethany Ct Beaverton, OR 97006
Company Description
Avnera is a fabless semiconductor company founded in June 2004 in Beaverton, Oregon. It has pioneered a new semiconductor technology enabling breakthrough products for wireless audio and Voice-over-IP (VoIP) applications that remove the pain-points associated with today’s wireless audio technology.
Website
http://www.avnera.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Series D
Proceeds Purposes
There are 10 analog system on chip products in the market now. Onkyo and Avnera are working on new products that will use Avnera’s chips.
M&A Terms
Venture Investor
Bessemer Venture Partners
Venture Investor
Best Buy Capital
Venture Investor
DAG Ventures
Venture Investor
Intel Capital
Venture Investor
Panasonic Venture Group
Venture Investor
Redpoint Ventures
Venture Investor
Undisclosed