German technology company Ubidyne has raised $43 million in a series B funding round.
German technology company Ubidyne has raised $43 million in a series B funding round.
Ken Hawk, CEO of Ubidyne, says: ‘This recent round of funding enables us to accelerate the global launch of Ubidyne’s Antenna Embedded Radio for re-farming the 900 MHz band.’
Belgian-based private equity firm Gimv led the round with an investment of $14.4 million joining existing investors Baytech, Doughty Hanson and TVM Capital.
Hansjörg Sage, partner at Gimv Technology, will join Ubidyne’s board of directors. He says: ‘We believe Ubidyne is poised to dramatically revolutionize the wireless base station industry, a market of truly impressing dimensions, with its unique digital radio technology.’
Gimv currently manages €1.7 billion of assets.
