Tagged: telecommunication

GCT Semiconductor revised its offering cap upward to $130 million and received $98.92 million in commitments


Change: offered +55% / raised +84% / placed 76%
XDATA – December 2nd 2015
GCT Semiconductor upped its financing to $130 million from $84 million after receiving new commitments. An additional $45.12 million worth of securities was placed by the company with fifteen investors since the company last released data in September 2014. This brings to $98.92 million the amount raised from the twenty-six backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. Up to now GCT Semiconductor had raised an estimated $87.2 million in unregistered securities via one financing round.
GCT Semiconductor designs and markets 4G LTE and WiMAX semiconductor solutions. The company’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G platform solutions with small form factors, low power consumption, high performance, high reliability and cost effectiveness. Investors include Samsung Ventures, LG, DoCoMo Capital, SK Telecom, Parakletos Ventures, Pequot Ventures, National Semiconductor, UMC, Anapass, Pericom Semiconductor, UOB Venture, 3V SourceOne Capital, Mizuho Venture Capital, ITX International Holdings, UTStarcom, WI Harper Group, Bokwang Investment, East Gate Capital, AT Ventures, KGI Partners, and Nexus Investment.
The company is headquartered in San Jose CA. GCT Semiconductor elected to keep its revenues undisclosed.
The executive team includes Alex Sum, Gene Kulzer, Jeongmin “jeemee” Kim and John Schlaefer.
The board of directors includes Kyeongho “kh” Lee, Paul Kim, Robert Barker and Sundance Joe.

The company has raised an estimated total of $186.12 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: GCT Semiconductor
Industry: Other Technology
Amount offered: $130 million
Amount placed: $98.92 million
SEC filing: Source
First sale: 04-16-2013
Data as of: 12-02-2015
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BLiNQ Networks disclosed information on its $3.5 million debt issuance


XDATA – October 7th 2015
BLiNQ Networks reported selling 78% of its debt issuance via a subscription which launched on September 22nd. According to the information disclosed, seven subscribers ponied up $2.72 million out of the $3.5 million the company expected to raise. Based on the offering’s structure, the company has until September 2016 to raise an extra $779,000. The company closed four previous unregistered private placements which raised an estimated $27.83 million.
BLiNQ Networks markets and develops an end-to-end network solution which enables operators to design, predict, manage, optimize, and adapt small cell backhaul networks. Investors include New Venture Partners, Summerhill Venture Partners, BDC Venture Capital, Kensington Global Private Equity Fund as well as Win Fund.
The company, headquartered in Ottawa Canada, is led by Carlton Miller (President and CEO).
The executive team includes Ross Morgan.
The board of directors includes Andrew Garman, James Grimes, John Haydon, Joseph Catalfamo, Nazmin Alani and Ralph Faison.

The company has raised an estimated total of $30.55 million via private unregistered security offerings.

Offering recap
Status: First close
Company: BLiNQ Networks
Industry: Telecommunications
Amount offered: $3.5 million
Amount placed: $2.72 million
SEC filing: Source
First sale: 09-22-2015
Data as of: 10-06-2015

 

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NEA and Lightspeed backed Cohere Technologies files $30 million+ round


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First close initiated by SmartSky Networks after raising 13% of its $4 million target


wi-skyOne investor bought $537,000 worth of mezzanine securities from SmartSky Networks today. According to the data disclosed, the company expects to raise a total of $4 million via this non-brokered financing. An additional $3.46 million in funding is to be raised until the offering draws to a close in June 2015. Two previous unregistered financing rounds raised an estimated $7 million.

SmartSky Networks commercializes a high speed air-to-ground broadband connectivity technology. The company’s licensed technology is aimed at providing broadband data communication capabilities for in-flight aircraft via a network that may include multiple terrestrial transmission stations that are located within overlapping communications range and a mobile receiver station. The terrestrial transmission stations provide a continuous and uninterrupted high speed data communications link with the mobile receiver station employing a wireless radio access network protocol. The company has worldwide rights to be a wireless internet service provider for aircraft in flight, using Wi-SKY Network LLC’s patented technology.

The company, headquartered in Charlotte NC, is led by Ryan M Stone (President). Revenues were not reported.
The executive team includes Andrew P Caplan, Blane E Rockafellow, Claude Alan Goodnight, David A Claassen, Douglas A Hyslop, E S Eskridge, Eric L Legvold, Haynes G Griffin, Michael Dodson and Paul C Sameit.
The board of directors includes Reed E Hundt.

The company has raised an estimated total of $7.54 million via private unregistered security offerings.

Offering recap
Status: First close
Company: SmartSky Networks
Industry: Telecommunications
Amount offered: $4 million
Amount placed: $537,000
First sale: 06-02-2014
Data as of: 06-02-2014

Telecom services quote provider raised $750,000 in equity


Rail Yard initiated a first close after raising $750,000 in equity out of an expected $965,200 financing round. Ten investors subscribed to the non-brokered private placement.

The company is offering businesses competitive quotes from multiple telecom and technology service providers. Rail Yard architected an online marketplace to seamlessly connect commercial building tenants with the best information and technology services available at their addresses. The company calls itself the “Lending Tree” for telecom.

Rail Yard, headquartered in Austin TX, was founded in early 2011 and is lead by Christopher “Chris” Harman. The executive team includes Cristi Jakubik (Chief Marketing Officer),  Richard Tobey (Chief Technology Officer), and  Michael Feeley (Senior Vice President).

Offering recap:
Status: First close
Company: Rail Yard
Industry: Other Technology
Amount offered: $965,200
Amount placed: $749,727
First Sale: 10/14/13

Social impact mobile data solution provider placed $112,500 in equity


access.mobile, Inc. announced a $112,500 first close on its $500,000 equity financing. Seven investors participated to the non-brokered private placement. The offering will remain open for a year while at most 15 additional investors are sought.

The company offers mobile data solutions that enable structured data collection, management and analysis. These solutions are designed for developing countries which rely on physical data gathering and lacking the infrastructure to exchange, collect and analyze data efficiently. access.mobile provides four core solutions which can be customized. “amData” which features real-time, web-based data analytics and data export capabilities. A health version of “amData” was deployed in seventy private health clinics in Uganda. “amAgriculture” features supply chain management tools, tracks yields and records supply transactions. “amSupply” focuses on inventory tracking and management while “amCommunicator” is a two-way, multi-channel communication platform that offers users SMS (texting), voice and email capabilities. The company has a local presence in Uganda, Rwanda and Tanzania.

access.mobile, headquartered in Denver CO, was founded by Kaakpema “KP” Yelpaala (CEO). The exectuve team includes: Kahwa C. Douoguih (COO), Jenais K. Zarlin (Business development) and Josiah O. Hatch III (Director and General counsel).