Private Equity Week Wire for Monday 1/7
Summary
The investors in this round included an international group of venture capital funds, led by China Development Industrial Bank of Taiwan. SALEM, N.H. — AmberWave Systems Corp., the global leader in advanced semiconductor intellectual property (IP), today announced that it has completed its Series B round, raising $25 million from Adams Capital Management, Arch Venture Partners, Dow Chemical, TeleSoft Partners and The Hillman Company and bringing AmberWave’s total venture funding to $47 million. Speedel has recently engaged in this additional funding round in order to broaden its financial basis in line with its strategic objective, the growth of its staff and the enlarged scope of its development activities. Xevo will use capital raised in this round to support continued expansion into international markets and further product development to meet the infrastructure requirements of global telecommunications carriers delivering software as a service. TAMPA, FLA. — iLIANT Corp., a leading provider of outsourced technology management and business services for physician practices, today announced it has closed a $10 million round of equity financing led by Lovett Miller & Co. and Jefferson Capital Partners, Ltd. with participation from the Wakefield Group.