Cambridge Broadband, the developer of carrier-class wireless transmission equipment for cellular backhaul, has raised $22.5m of funding. Taking part in this round were existing investors Amadeus Capital, Accel Partners and TVM Capital, together with new investor Adara Ventures. This funding will enable Cambridge Broadband's continued sales growth and penetration in the transmission market, particularly for cellular operators. Over the last year, as well as continuing with its broadband access business, Cambridge Broadband has been growing the cellular transmission side of its business. 2006 sales of its VectaStar platform were more than treble those of the previous year, and the company has announced equipment contracts with leading cellular operators around the world, including MTN and Vodacom.
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Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017