Nujira raises $12 million from funding round
Nujira Ltd has raised a further $12 million in its latest funding round, securing the rollout of the company’s Coolteq.L IC technology for mobile handsets and supporting the ramp to volume production. The latest funding round included a new investor, Zurich-based SAM Private Equity, as well as existing investors Amadeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, NES Partners and angel investors.
Nujira CEO Tim Haynes said: “As the world leader in Envelope Tracking technology, Nujira remains in an extremely strong market position, and we continue to lead the way both commercially and technologically. ET is fast becoming a mandatory requirement for smartphones, driven by the poor battery life of existing 4G handsets, and the need to support multiple LTE frequency bands for global adoption. We have been at the forefront of this technological shift, pioneering the development of ET over the last ten years. This latest investment not only allows us to continue that development work, but also reinforces the growing value of our extensive ET patent portfolio."
“Joining Nujira’s existing cleantech and technology investors at this pivotal time in the market adoption of Envelope Tracking is an exciting opportunity,” said Keimpe Keuning, Investment Director at SAM Private Equity. “With all major smartphone vendors poised to adopt ET in the next few years, Nujira’s world-leading technology and dominant patent position marks them out as the key player in this segment.”
Nujira is currently engaged with 16 major smartphone chipset suppliers to embed its ET technology into their reference platforms and expects its Coolteq.L technology to be designed into 4G smartphones in 2013.