News
Issue #2002 - 47 (December 2002)
(Updated Dec. 22, 2002)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless/Mobile Space This Week

Recent Investments
Source Venture Reporter - December 2002

1. ThinkEngine Networks Raises $10,000,000 in Second Round [MA] 
ThinkEngine Networks provides voice services to wireless providers and telecommunication service providers. INVESTORS: Prism Venture Partners, VantagePoint Venture Partners

2. Fractus Raises $8,000,000 in Second Round [Spain] 
Fractus uses fractal technology to design and develop multiband and miniature antennas and other components for wireless devices. INVESTORS: Apax Partners (Lead), 3i

3. Dexterra Raises $6,000,000 in First Round [WA] 
Dexterra provides enterprise software that enables companies to make their enterprise applications and business processes mobile. INVESTORS: Sigma Partners

4. Pinpoint Networks Raises Additional Funding from Intel [NC] 
North Carolina-based Pinpoint Networks provides wireless software and services to global mobile operators.  INVESTORS: Intel Capital

5.Cometa Networks Launches with Funding from AT&T, Others [NY] 
Cometa Networks will provide broadband, wholesale, and wireless Internet access worldwide.
INVESTORS: 3i, Apax Partners, AT&T Ventures, IBM, Intel

6. Sensicast Systems Raises $3,000,000 in First Round [MA] 
Sensicast Systems develops low power, battery-operable, wireless sensor network products and services. INVESTORS: Ardesta

7. Chantry Networks Raises $3,000,000 in First Round Add-on [Canada] 
Chantry Networks is an early-stage developer of Wireless Local Area Network (WLAN) products. 

8.Lipso Raises $1,000,000 in First Round [Canada] 
Lipso provides mobile messaging connectivity products and services.
INVESTORS: Individuals, Investissement Desjardins, National Research Council of Canada

9. IPWIRELESS SECURES OVER $27 MILLION IN ADDITIONAL FUNDING

Mobile Broadband Technology Vendor Prepares for More Global Deployments as Demand for the IPWireless Solution Accelerates

"IPWireless's $27 million funding round places it as one of the largest wireless investments for 2002 to date," said Rajeev Chand, senior wireless analyst, Rutberg & Co. 

Source: VentureReporter 

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

MobileInfo Comments and Advisory: Wireless space continues to attract investment from VCs.

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.