VIERA, FL – SkyCross, which develops and makes advanced antenna and radio frequency solutions, has closed on an $11 million, the first installment of its E round of financing. The company said it expects to close a second tranche in the round, up to $15 million, by early June. It says this is likely to be its final round of equity financing.
The capital raised will be used to support the company’s rapidly increasing business in Asia and the United States.
Significantly, the round includes new equity from DOCOMO Capital as a strategic investor. DOCOMO Capital is a corporate venture arm of NTT DOCOMO, the world’s leading mobile operator. Existing investors including TL Ventures, Investor Growth Capital, Gabriel Venture Partners, Intel Capital, and a group of long standing individual investors also participated.
SkyCross continues to grow due to strong global demand for the company’s unique RF technology and design expertise for wireless products, such as tablets, smartphones, and multiband USB modems. Increasingly, these devices require multiple antennas, creative 3D design and manufacturing techniques, and 4G MIMO functionality for LTE.
“SkyCross technology and expertise are key factors in meeting the growing, worldwide demand for 4G/LTE wireless devices,” said Tomoya Hemmi, President and CEO of DOCOMO Capital, Inc. “MIMO antenna technology is a key enabler of LTE performance, and SkyCross solutions address this global market need. We are pleased to participate in this round as a new strategic investor.”