We were delighted to act for Atlantic Bridge and the China Ireland Growth Technology Fund in relation to their investment in DecaWave Limited. The investment round was led by Atlantic Bridge and also included ACT Venture Capital and ZZ Ventures.
DecaWave is a fabless semi-conductor company specializing in precise location and connectivity applications. DecaWave offers Ultra-Wideband (UWB) wireless technology that provides precise location and connectivity for applications that can identify the specific location of any object, person, or place within centimeters. By enabling advanced analytics for factory automation, logistics, hospitals to securing car access communication to delivering new forms of user interface in robotics and connected homes, the DecaWave technology has already revolutionized many industries. Decawave was named ‘Start-Up to Watch Award’ winner at the prestigious Global Semiconductor Alliance (GSA) Private Awards Committee in California in December 2017.
Gerry Maguire, General Partner of Atlantic Bridge, which led the investment and jointly manages the China Ireland Growth Technology Fund said:
“We have a track record of supporting Irish companies through key stages of development and helping them commercialise their technology globally. DecaWave is among the most exciting companies we have worked with and is already making significant market inroads with leading global brands. Its potential is vast and we believe it will become the most talked about Irish fabless semiconductor companies of the decade.”
The transaction was led by Emmet Scully and Lisa McEllin of our Corporate and Commercial Department with assistance from Jennifer O'Neill, Aideen Burke and Gillian Dully.