Ubiquisys nets $5 million

Three Taiwanese companies have led an investment of $5 million (£3.2 million) into Swindon-based mobile technology specialist Ubiquisys.

SerComm Corporation, UMC Capital Corporation and Pacific Venture Partners are new investors in Ubiquisys, whose “femtocells” enable users to receive an improved mobile signal within their homes.

Existing backers Advent Venture Partners, Accel Partners and Atlas Venture also participated in the fundraising, the proceeds of which will be used to accelerate the growth of the company worldwide, particularly in the Americas.

Chris Gilbert, CEO of Ubiquisys, comments, ‘Asia plays a leading role in the femtocell industry today, both in terms of product diversity and business model innovation.’

The company already has ‘strategic relationships’ with a number of device manufacturers in Asia, including SerComm and SoftBank Mobile in Japan. These partnerships ‘have been instrumental in producing femtocells at the sub-$100 price point that enables [mobile network] operators to supply them for free’, according to Ubiquisys.

Nick Britton

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...

Related Topics