Atlantic Bridge leads $30m round for DecaWave

The fresh capital will enable the company to further develop products for use in the high-volume consumer and automotive sectors, in addition to pursuing further expansion into the Chinese market. It will also enable it to undertake a recruitment drive in its engineering and sales teams.

Enterprise Ireland, China Ireland Growth Technology Fund, ACT Venture Capital and ZZ Ventures also took part in the round.

As part of the deal, Atlantic Bridge's Brian Long and Gerry Maguire will take a seat on the DecaWave board of directors.

Previous funding
DecaWave first received venture funding in December 2009, according to Unquote Data, when Enterprise Ireland provided €300,000 in seed funding. Kernel Capital and International Investment & Underwriting then invested €2m in the company in November 2010.

Company
Founded in 2007 and headquartered in Dublin, DecaWave is a fabless semiconductor design and manufacturing business, focusing on wireless technology for location tracking. Its technology is primarily used in the automotive industry and Internet-of-Things space. DecaWave has additional offices in China, the US and South Korea.

People
Atlantic Bridge Ventures – Brian Long (managing partner); Gerry Maguire (general partner).
Enterprise Ireland – Julie Sinnamon (CEO).
DecaWave – Ciaran Connell (CEO); Michael McLaughlin (chief technology officer); Graeme N Walker (chief financial officer).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Ireland
• Venture