NXT Capital’s venture finance group has provided a $3.5 million subordinated venture loan to SkyCross. SkyCross is a manufacturer of antenna solutions for wireless devices in the mobile phone, personal entertainment and computing industries. Headquartered in Fremont, CA, SkyCross is backed by TL Ventures, Investor Growth Capital, Intel Capital, Gabriel Venture Partners and DOCOMO Capital. [...]
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Skycross Inc., a Viera, Fla.-based manufacturer of wireless antenna solutions, has raised $11 million in Series E financing from Docomo Capital, TL Ventures, Investor Growth Capital, Gabriel Venture Partners and Intel Capital. The company plans to raise a total of $15 million in the Series E round, and aims to close its second tranche by the end of June.
Gabriel Venture Partners has promoted Scott Chou to managing director. He originally joined the firm in 2000, and has led such deals as STEP Labs, NextG Networks, Boston-Power and SkyCross.
NextG Networks, a wireless networking company based in San Jose, Calif., withdrew its plans for an IPO.The company has raised more than $64 million in VC funding, from firms like Oak Investment Partners (26.9%) and Gabriel Venture Partners (14.5%). (Reuters) – NextG Networks Inc: FILES TO WITHDRAW IPO – SEC FILING HAD FILED FOR UP [...]
Venture-backed LimeLife has bought the assets of TapaTap Inc. in what apparently amounts to a shutdown of VC-backed TapaTap.
You can read the full story here, which has also posted Tuesday’s press release announcing the transaction by LimeLife. LimeLife is not hiring TapaTap’s seven employees, according to the news report.
San Mateo, Calif.-based TapaTap, which developed Web applications for its women-oriented mobile sites, had raised more than $2.5 million from Gabriel Venture Partners since 2007.
Menlo Park, Calif.-based LimeLife, which develops mobile phone games and lifestyle applications for women, has raised more than $26 million from U.S. Venture Partners, i-Hatch Ventures, Rustic Canyon Partners, Core Capital Partners and Monitor Venture Management, according to Thomson Reuters.