Leading Venture Capitalists Endorse Amalfi Semiconductor’s Advanced Low Power RF Solutions
Los Gatos, CA. – August 26, 2003 - Amalfi Semiconductor, a fabless semiconductor company specializing in low power RF design, today announced that it has secured $12M in Series A financing. The oversubscribed round was co-led by Doll Capital Management and Trinity Ventures. This investment will enable Amalfi to develop and bring to market a new generation of innovative RF IC solutions.
“At Amalfi we believe that the best solutions come from applying a systems perspective and an amazingly talented engineering team to today’s most challenging business opportunities” said Jim Finch, Amalfi’s CEO. “Our focus has been to develop a truly innovative architecture that solves high value system problems and build an engineering organization with an unprecedented record of developing industry leading RF products.” Peter Moran, General Partner of DCM and Amalfi Board member stated, “We are highly impressed with both the technical and business expertise at Amalfi. They have developed a team with a solid track record of both innovation and execution.” Gus Tai, General Partner of Trinity Ventures and also a member of the Board remarked, "Amalfi’s products will address large existing markets, with solutions that provide compelling value. After talking to many wireless companies, we determined that they were uniquely positioned to offer an exciting investment opportunity."
About Amalfi Semiconductor
Amalfi Semiconductor is a fabless semiconductor company specializing in cost effective, low power mixed-signal RF solutions for wireless applications. For more information on Amalfi, please visit our website at www.amalfisemi.com.
About DCM - Doll Capital Management
DCM - Doll Capital Management is a top-performing venture capital firm dedicated to funding and supporting entrepreneurs building early-stage technology companies. Armed with over a century of operational and investing experience, DCM's six partners have funded some of the world's leading technology companies, including 51job, Centillion Networks, Foundry Networks (Nasdaq:FDRY), Internap (Nasdaq:INAP), IPivot (Intel), Luminous Networks, UUNet (Worldcom) and Vernier Networks. The DCM team offers portfolio companies hands-on operational guidance, as well as access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. Currently investing from its third fund, DCM is actively seeking entrepreneurs building world-class information technology companies in the communications, networking, software, services and Internet sectors. For more information on DCM, visit www.dcmvc.com or call (650) 233-1400.
About Trinity Ventures
Founded in 1986, Trinity Ventures is a value-added investor that provides capital, networks and resources to early-stage software, communications and enterprise systems companies that offer critical infrastructure and services. Trinity's focus is to accelerate growth and improve the probability of long term success for the companies in its portfolio by being an active, accessible partner. With more than $1 billion under management, Trinity Ventures has a proven track record of working in close collaboration with entrepreneurs to build leading companies, such as Extreme Networks, Network Alchemy, Crescendo Communications, Forte Software, Illustra and Starbucks. For more information on Trinity Ventures, please visit www.trinityventures.com.