DiBcom raises €10.7m to finance its growth in 2004 and 2005
Transaction managed by Clipperton Finance
Convergent Technologies, Crédit Lyonnais Private Equity, Infineon Ventures, Motorola Ventures, Société Générale Asset Management and Vertex Venture Capital
Paris, January 14, 2004– DiBcom, a fabless semiconductor company specialized in chipsets for the reception of Digital Terrestrial Television (DTT) in portable and mobile environments, is keen to announce the closing of its third round of financing for a total amount of 10.7 million euros.
Six international investors are participating in the new capital increase: Convergent Technologies, Crédit Lyonnais Private Equity, Infineon Ventures, Motorola Ventures, Société Générale Asset Management and Vertex Venture Capital – Israel. This new capital increase will allow DiBcom to finance its growth in 2004 and 2005 and generate important Research and Development investments. For this transaction, DiBcom was advised by Clipperton Finance, a corporate finance boutique focused on the high tech and media sectors.
DiBcom is at the heart of mobile TV. As a French fabless semiconductor company that designs highperformance chipsets, DiBcom enables low-power mobile and portable TV reception and at speeds up to 130 mph. The company’s solutions are used in automotive, PC/peripheral and handheld device applications.
DiBcom has extensive experience solving real-world mobile digital terrestrial television (DTT) reception problems and has overcome the main technological barriers to high-quality service. The company has developed patented algorithms and architecture for fast and accurate channel estimation and high Doppler compensation. Its chipsets are compliant with the current worldwide Digital Video Broadcast standards DVB-T and DVB-H.
Founded in June 2000, DiBcom currently employs some 100 people all over the world. The company is headquartered in Palaiseau (France) with additional R&D office in Sweden and worldwide Sales offices in Germany, Taiwan, P.R. China (Shanghai), South Korea and US. DiBcom has attracted €40.7M of funding to date. For more information, please visit www.dibcom.com
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.