
UK - ETF et al. invest £10m in Nujira
The Environmental Technologies Fund (ETF), alongside existing backers Bank Invest, 3i, Amadeus, Mitsubishi UFJ Capital and private investors, has participated in a £10m series D round of funding for cleantech company Nujira.
Cambridge-based Nujira works to improve the energy efficiency of cellular network base stations and digital broadcast transmitters by reducing the amount of waste energy dissipated as heat in the RF Power Amplifier circuit. Its technology controls the power supply to the circuit in line with transmission performance required, enabling the creation of highly efficient RF Power Amplifiers for 3G and 4G cellular networks and DVB digital broadcast transmissions. The company was founded in 2002 and is currently working with 13 cellular base station manufacturers.
The new funding will be used to accelerate the development of the company's handset technology and support expansion into a new market, as well as for the general commercial development of its products for the Cellular Infrastructure and TV Broadcast sectors.
Nujira previously received £850,000 of seed funding from Amadeus, Cambridge Angels, the Cambridge Gateway Fund and the Cambridge Capital Group in 2003, followed by $7.75m from 3i and Amadeus in 2006 and $9.8m in 2007 from 3i, Amadeus, Cambridge Gateway and Cambridge Capital. In 2008, BankInvest led an $18m series C round of funding for the business, alongside existing investors Amadeus, 3i, Cambridge Capital and Cambridge Angels.
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