Venture capital financing wrap-up: Altair, Aricent and Transaction Wireless

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.
—Altair: Pacific Technology Fund led a $22 million investment round into Altair Semiconductor, a fabless chip company that is working on 4G mobile semiconductors for handsets. The round consisted of both equity and credit investments. ETV Capital and returning investors also participated. The funding will be used to support the company’s global expansion, sales and customer support, and future product development.
—Aricent: KKR and The Family Office signed definitive agreements to invest an undisclosed amount into communications outsourcing firm Aricent. The company said it will use the funding to market itself to infrastructure, application and service providers worldwide and to expand its operations in the Middle East.
—Transaction Wireless: Mission Ventures and Okapi Ventures invested $2.25 million in a Series A funding round into San Diego, Calif.-based Transaction Wireless, a mobile infrastructure, commerce and marketing company. As part of the financing, Transaction Wireless appointed Leo Spiegel, managing partner of Mission, and Marc Averitt, managing director of Okapi, to its board of directors. The company said it will use the funding for sales and marketing expansion, technology development and customer deployment.