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Home - Archived Articles - Venture capital financing wrap-up: Juma, Telegent, Aztek and more
Archived Articles

Venture capital financing wrap-up: Juma, Telegent, Aztek and more

by jscarbo August 22, 2007
written by jscarbo August 22, 2007 Share
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The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.
–Juma: Vision Opportunity Master Fund Ltd. invested $5 million in Juma Technology Corp.’s initial funding round. The company said the funding will allow it to increase its market share and accelerate its growth. Juma provides IP convergence solutions.
–Telegent: Northern Light Venture Capital participated in a $20 million investment into Telegent Systems during the company’s third round of financing. Telegent, which offers a single-chip mobile TV solution, said it will use the funds to expand its product line and to grow its international sales presence. The company said all of its current investors also participated. Telegent said its total financing now stands at $50 million.
–Aztek: Telecommunications Development Fund said it led a $7.5 million Series B funding round in Aztek Networks. Other existing investors, including Sequel Venture Partners and Grotech Capital Group, also contributed to the financing, along with new investor Legend Ventures. The company has now secured a total of $14.1 million since its formation.
–Cellcast: Canaan Partners announced it led a $5.25 million Series A investment in Cellcast Asia Holdings, a digital broadcaster working throughout Asia. Canaan said the investment will help Cellcast’s growth in India.

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