Mobile video processing company Movidia has secured more than US$14 million (£9 million) from an international syndicate led by Celtic House Venture Partners and Capital-E.

Mobile video processing company Movidia has secured more than US$14 million (£9 million) from an international syndicate led by Celtic House Venture Partners and Capital-E. Other investors included Emertec Gestion, AIB Seed Capital Fund and Enterprise Ireland.

The funds will be used to enable the fabless semiconductor and software company to market its technology, which enables user-generated content (UGC) video production functions for mobile phones and other electronic products. The technology allows users to edit their own video content on the move without the need for a PC.

Dublin-based financial services group OFM Solutions has provided Movidia with accounting, finance and cash management and taxation services since incorporation.

OFM designed and maintained the financial planning model and provided input to the due diligence process for the funding, “with cost-effective, flexible and scalable financial management services for small, high-growth technology companies”, the company said.