Tech Company Financing Transactions
Newport Media Funding Round
Newport Media closed a $10 million financing round on 12/19/2012. Investors included Horizon Technology Finance and Bridge Bank.
Transaction Overview
Company Name
Announced On
12/19/2012
Transaction Type
Debt
Amount
$10,000,000
Round
Undisclosed
Investors
Horizon Technology Finance (Lead Investor)
Proceeds Purpose
Under the terms of the venture loan, Horizon provided $7 million to Newport Media and Bridge Bank provided $3 million. Newport Media will use the funds to support its growth.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
1 Spectrum Pointe Dr. 225
Lake Forest, CA 92630
USA
Lake Forest, CA 92630
USA
Phone
Website
Email Address
Overview
Newport Media is a fabless semiconductor company that develops and sells highly integrated solutions for emerging digital audio and mobile TV broadcasts standards. Market research firm In-Stat forecasts that the market for TV enabled cellular phones will grow to over 80 million units annually by 2010.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mohy Abdelgany
Chief Financial Officer
Scott Blouin
Chief Technical Officer
Nabil Wasily
VP - Engineering
Mohamed Romdhane
VP - Marketing
James Kamke
VP - Operations
Hassan Hashemi
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Where The Data Comes From
We do our best to report on tech company VC transactions. All VC database entries on this site come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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