SHENZEN, China-Wireless handset designer Cellon International said it raised an undisclosed amount in a Series D round of financing.
TVG Capital Partners led the round, joining existing Cellon investors Intel Communication Fund, Softbank China, SuneVision Ventures, UTStarcom and Elcoteq Network Corp. Cellon provides design and systems integration services for handset manufacturers and retailers including Royal Philips Electronics NV, Siemens Communications and Brazilian electronics manufacturer Gradient.
Hong Kong-based TVG said it manages more than $700 million in capital for institutional and private investors.
“TVG Capital Partners is a well-established and highly experienced investor in the Asian communications segment, and we’re pleased to add them to our investment team,” said Jason Sun, Cellon’s chief executive officer.
