VC firms inject further $60m into Icera

The UK-based fabless semiconductor company has now raised roughly $200m from firms including Balderton, Accel, Amadeus and 3i.

Atlas Venture, Balderton Capital, Accel Partners, Amadeus Capital Partners and 3i are among the existing investors that have again backed Icera, a UK-headquartered fabless semiconductor company.

The company raised $60 million in equity from current investors, as well as $10 million in debt financing from ETV Capital and MMV Financial, according to a statement.

Icera last raised $40 million in April, which it said at the time brought its total equity raised since its 2002 founding to more than $140 million.

The company said the current funding round will aid Icera in its plans to increase the sale of cellular chipsets and software in Europe, North America and Asia.

“Icera's chipsets and software are instrumental in transforming the performance and economics of mobile broadband for all 3G operators, enabling broad-based consumer adoption. As a result, we believe Icera is a compelling semiconductor investment prospect for the foreseeable future,” Graham O'Keeffe, Atlas Venture general partner, said in a statement.

Icera also said it plans to implement cost-cutting measures including staff reductions. The UK-headquartered firm has design locations in the UK, France and North America as well as offices in Europe, Asia and the US.