Funding supports Nujira’s vision to put energy efficient power amplifiers into 800 million smartphones
Cambridge, UK, 18 May 2011 – Nujira, the leading developer of technology to reduce power consumption in smartphone transmitters by 30-50%, has secured a further £10 million of funding for its growth plans.
The investment round, led by a new investor, Climate Change Capital Private Equity (CPE) and supported by existing investors Amadeus, NES Partners, Environmental Technologies Fund (ETF) and the angel investors, will reinforce Nujira’s vision to install its Coolteq wideband Envelope Tracking technology into 800 million energy efficient 3G and 4G devices by 2016.
Tim Haynes, Nujira’s CEO, said “The funding will allow the expansion of Nujira’s handset engineering team to support product development and engagements with leading vendors in the global handset market.”
“Nujira has established itself as the market leader in Envelope Tracking and is shipping silicon. We have protected our IP position by building the world’s most extensive and complete portfolio of patents filed or granted covering Envelope Tracking and the implementation of efficient wideband Power Amplifier (PA) transmission systems.”
CPE, one of the largest investors in growth cleantech companies, is providing £6 million of equity financing, and James Hook, director of CPE, will be joining the Nujira board.
“Nujira’s technology has a compelling business case coupled with very attractive environmental attributes – a rare and exciting combination. Using Coolteq, the next generation of 3G and 4G smartphones will not only use less power in the transmitter, but will be smaller and cheaper as well. Nujira represents exactly the kind of high growth supporting.” James Hook said.cleantech investment opportunity that we specialise in
Tim Haynes, continued, “It is good to see both new and current investors supporting Nujira’s vision through to profitability. We look forward to welcoming CPE, another experienced, knowledgeable and well connected investor into the company and board. CPE has decided to invest in Nujira after a thorough investigation of our business strategy, technology and product roadmap, management team and future prospects. Moreover, this funding round gives us the resources we need to build on our success and make Coolteq the power optimisation technology of choice in smartphones and other data-oriented devices.”
Nujira announced a second generation handset test chip at Mobile World Congress in Barcelona, in February 2011, as well as the completion of an Envelope Tracking Processor IC for cellular network infrastructure. Nujira’s patent portfolio covers energy efficient Radio Frequency (RF) transmitters in cellular handset, wireless infrastructure and digital broadcast applications across the US, Asia and Europe. The company recently announced the filing of its 100th patent application.
About Climate Change Private Equity (CPE)
CPE is a €200 million European private equity fund that invests expansion capital in high growth, later stage companies and buy-outs in the areas of clean power, clean transport, energy efficiency, waste recovery and water. CPE is backed by leading institutional investors including Alpinvest, Robeco and Universities Superannuation Scheme and Nujira represents CPE’s ninth investment. CPE is part of Climate Change Capital (CCC), an investment manager and advisory group specialising in the opportunities generated by the global transition to a low carbon economy. CCC's Asset Management business manages funds with commitments in excess of €1.0 billion as of December 2010. The Group’s funds invest in companies, projects and services that contribute to climate change mitigation or adaptation. For more information, please visit www.climatechangecapital.com.
About Amadeus Capital Partners
Amadeus Capital Partners Limited is a venture capital company specialising in high-technology investments in Europe. An independent fund management firm, Amadeus advises on the investment of £450 million. Amadeus is committed to nurturing its companies with a combination of management support and a global network of other technology investors and leaders. The Amadeus team brings to its portfolio companies a track record of building superior technology companies. For further information please visit www.amadeuscapital.com.
About Environmental Technologies Fund
Environmental Technologies Fund is a £110m venture and growth capital investment fund with a highly-focused mission: “To support and finance fantastic growth companies whose products and services deliver a significant environmental and economic benefit”. ETF provides entrepreneurs with a top-quality investment group in Europe dedicated solely to Cleantech. The team is backed by leading institutional investors and has a great deal of experience gathered over decades of working in growth capital and with environmental companies. ETF is supported by the European Communities Growth and Employment Initiative, MAP - the ETF Startup Facility. For further information see www.etf.eu.com
About NES Partners
NES Partners is an experienced fund manager specialised in driving value in unlisted New-Energy-Solutions companies through active ownership to the benefit of our Investors and Stakeholders. Being amongst the pioneers in the New-Energy space, NES Partners has since 2002 invested in and contributed to the successful growth of 24 companies within Tidal Power, Solar Power, Biofuels, Fuel cells, Energy Efficiency, Energy Storage, Smart Grid, Clean Water and Advanced Materials. NES Partners has offices in Copenhagen and Los Angeles and was previously known as BankInvest New Energy Solutions. For further information see www.nespartners.com.