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Digital Home Networking Developer BridgeCo Raises $23 Million

Authored by Mark Hefflinger on June 13, 2006 - 1:57pm.
Los Angeles - BridgeCo, a provider of digital home networking technologies, announced on Tuesday that it has raised $23 million in its latest round of venture capital financing. Advent Venture Partners and Wellington Partners co-led the investment round; previous investors Benchmark Capital, Cipio Partners (formerly Infineon Ventures), Earlybird Venture Capital, Fidelity Ventures and Intel Capital also participated. The company also announced that it will launch its new corporate headquarters in the Los Angeles suburb of El Segundo, Calif., with engineering and development efforts to continue from Zurich, Switzerland. BridgeCo develops chips and middleware used to connect digital media players, DVD players, musical instruments and other consumer electronics devices to home stereos, PCs and other devices within the home. The new funds will be used to accelerate market adoption and product development activities.

http://tinyurl.com/ou3lj
http://www.bridgeco.com

tags: Deals | VC | Tech | CE | Investing | Tech Deals | Digital Home | Chips | BridgeCo | Advent Venture Partners |



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