Icera on road to another $75m in funding

Venture is alive and kicking: Bristol-based chip maker Icera is reported to be raising an impressive $75m in a "BB" round of funding. The business, which makes chips for mobile broadband phone makers, has already raised more than $140m since its inception in 2002.

The last closed round, the company's fourth, came in April 2008 when it raised $40m, led by Tudor Investment Corporation and with existing investors Accel Partners, Atlas Venture, Amadeus Capital Partners, Balderton Capital (previously Benchmark Capital Europe) and 3i.

In late 2006, Icera announced a $20m injection from 3i in what was then reported as part of a C-round totalling £60m. In 2005, the firm closed a $10m extension to its July 2004 B-round. The firm's first round came in early 2003, when Atlas and Benchmark backed the start-up with $10m.

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