APTOS, Calif.-RangeStar Wireless raised $25 million in its mezzanine round of funding, which the company said it would use to continue development of its Invisible Antenna technology and support general product development.
The round included new investments from Dell Computer Corp., Intel Capital and Summit Accelerator Fund, as well as funding from existing shareholders led by ComVentures, GSM Capital, BJ Cassin and RWI Group.
“RangeStar is very pleased with the new investment, which should allow us to hasten our recruiting and marketing plans and fully capitalize on the unprecedented growth of the wireless industry,” said John Harris, chairman and chief executive officer of RangeStar.
