Ubidyne secures $43 million

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.

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton