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August 15, 2012 02:16 pm GMT
The boom in smartphone and tablet use is having a knock-on effect for companies that build technology to support those devices. One case in point is UK-basedUbiquisys, makers of femtocell equipment that lets carriers improve indoor cellular coverage by offloading traffic to broadband internet connections, which today announced that it has raised another $19 million in funding, bringing the total raised by the company up to $81 million.This latest venture round features two new investors, Mobile Internet Capital andNissay Capital. MIC is the investment vehicle of Japanese mobile giantNTT Docomo; while Nissay is the VC arm of the Nippon Life Insurance Company. Existing investorsAccel Partners, Advent Venture Partners, Atlas Venture, 5CCG/Sallfort Privatbank AG (which led this round) and Yasuda also participated.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b7C4DZ4ElS8/
Small Is Beautiful: NTT Docomo Chips In To $19M Round In Femtocell Maker Ubiquisys
The boom in smartphone and tablet use is having a knock-on effect for companies that build technology to support those devices. One case in point is UK-basedUbiquisys, makers of femtocell equipment that lets carriers improve indoor cellular coverage by offloading traffic to broadband internet connections, which today announced that it has raised another $19 million in funding, bringing the total raised by the company up to $81 million.This latest venture round features two new investors, Mobile Internet Capital andNissay Capital. MIC is the investment vehicle of Japanese mobile giantNTT Docomo; while Nissay is the VC arm of the Nippon Life Insurance Company. Existing investorsAccel Partners, Advent Venture Partners, Atlas Venture, 5CCG/Sallfort Privatbank AG (which led this round) and Yasuda also participated.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b7C4DZ4ElS8/
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