Avnera Closes $10M Series D

Gregory T. Huang1/19/10

Beaverton, OR-based Avnera, which makes chips for wireless audio and other consumer electronics applications, announced today it has closed a $10 million Series D financing. The money was raised from new investor Onkyo, as well as existing investors. This is part of the same funding round we reported on in November, when the company had raised $8 million of the $10 million equity offering. Avnera was founded in 2004, and has now raised a total of $52 million in four rounds of financing from Altien Ventures, Bessemer Venture Partners, Best Buy Capital, DAG Ventures, Intel Capital, JAFCO Ventures, Onkyo Corporation, Panasonic Venture Group, Polycom Corporation, and Redpoint Ventures.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.