Kista, Sweden – Nanoradio, a maker of Wi-Fi chips used in cell phones, wireless network cameras, portable media players and gaming devices, announced on Wednesday that it has raised $17.3 million in new financing.

New investors Viking Venture and Creandum joined previous backers Ferd Venture, Industrifonden, Innovacom, Nordic Venture Partners and Teknoinvest.

Founded in 2004, Sweden-based Nanoradio claims its products can double the standby and talk time of standard Wi-Fi-enabed mobile phones.

The company will use the new funds to launch a new line of products, and support its volume growth.

Related Links:

http://www.prnewswire.co.uk/cgi/news/release?id=261243

http://www.nanoradio.com