CSR receives $19M round financing

Cambridge Silicon Radio (CSR), a provider of single-chip radio devices and single-chip Bluetooth solutions, has secured $19 million of new funding, following a successful private equity placement. The round was led by LDC and Scottish Equity Partners, with participation from existing institutional investors.

CSR will use the funds to expand market activities and further invest in the development of its single-chip Bluetooth solution and complimentary wireless communications technologies. CSR is advised by Credit Suisse First Boston's Technology Group in London.

"The funds raised will enable us to build on our success to date, expand our marketing efforts, and provide working capital to fund the further investment in product development and production ramp," said John Hodgson, CSR CEO.