News
Issue #2002 - 44 (November 2002)
(Updated Nov. 20, 2002)

ACQUISITIONS, MERGERS, INVESTMENTS & AGREEMENTS

VC Money for Wireless and Mobile - Envara, EnOcean and LittleFeet

1.  Envara for Multi-Band WLAN and PAN Chipsets (2.4 GHz and 5 GHz )
Palo Alto, CA and Ra'anana, Israel - October,  2002 - Envara announced that it has raised additional $6.5 million in it's Series C funding round. In May of this year, the company announced that it had raised $15.5 million at the first closure of its series C round. Envara was founded in March 2000 by Gideon Barak, the former CEO of DSP Communications and Butterfly, and Izik Kirshenbaum, a two-time winner of the Israel Defense Award, Israel's most prestigious R&D award. Investors include West STEAG Partners GmBH (Germany), CDIB Young Associates Capital Partners L.P. (UK), Top Taiwan Venture Capital Co., Ltd. (Taiwan), and Maxima Capital Management Ltd (Taiwan). 

2. EnOcean Receives $4.9 Million from BayTech - EnOcean GmbH develops and commercializes a revolutionary technology that enables radio transmission without batteries or external power supply.

The unique EnOcean Technology was developed in the central research department of Siemens AG in an interdisciplinary environment, consisting of material engineering, ultra low power electronics, sensor and radio technology: All detectable events cause changes of the energy entropy – a button is pressed, temperature changes, or a motor vibrates. This energy is used to supply the EnOcean low power electronics and to generate radio signals

3. Littlefeet, Inc., a startup in distributed wireless coverage technology, announced today an additional investment of $3 million in its third-round of follow-on financing, bringing the total third-round capital raised to $25 million.  LittleFeet is involved in developing innovative antennae and assocated technology for improving coverage of wireless networks.

For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: VC money continues to fund worthwhile startups, mostly in the chipsets (especially in WiFi area) and network enhancements like antenna for distributed peer to peer network architectures.. 

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.