Ferfics Raised €1.7M
Summary
Ferfics, a Cork, Ireland-based company specializing in the development of components for mobile phones and wireless devices, recently raised €1.7m in equity funding., a Cork, Ireland-based company specializing in the development of components for mobile phones and wireless devices, recently raised €1.7m in The Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with participation from the AIB Seed Capital Fund, managed by Enterprise Equity Venture Capital Group, as well as from Enterprise Ireland.The round, which was announced in November 2010, was led by, managed by, with participation from, managed by, as well as from Established in 2007, the company develops high-tech microchips for radio frequency applications (including cellular, WLAN, WiMax and TV) that are designed to improve the battery life of mobile phones and wireless devices.According to Eugene Heaney, founder and CEO of the company, the technology is attractive to mobile phone manufacturers worldwide.Ferfics targets leading international wireless device companies such as Nokia, Apple, Samsung and Motorola, which can use the technology to meet the performance requirements of their products as increasing amounts of information are transmitted to mobile devices.