Digital Networking Firm BridgeCo Raises $7.5 Million
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Digital home networking firm BridgeCo has raised $7.5 million in what appears to be its sixth round of funding. The company says the round was led by existing investor Earlybird Venture Capital and private investor Christian Wenger; Brian Long, a general partner with PE firm Atlantic Bridge, also participated in the funding and is taking over as the company’s chairman. BridgeCo’s technology is used by consumer electronics firms to enable network and internet connectivity for their devices. Customers include Pioneer, Nokia (NYSE: NOK), Harmon-Kardon and Philips.
New cash will be used to “accelerate the company’s technology development, support its rapid growth and fund the expansion of the company’s customer base and global design partner program.” With the new funding, the company will have raised nearly $60 million in funding, including $23 million in a fourth round of funding in June 2006. Here’s the release (via PeHub).
Posted In: Money, M&A & Venture Capital, Venture Capital, Technologies / Formats
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