Wednesday, June 14, 2006

BridgeCo Raises $23 million for Digital Home

BridgeCo, a developer of digital home networking products, raised $23 million in series D venture financing. The company recently opened a new headquarters in the Los Angeles suburb of El Segundo. The bulk of BridgeCo's engineering and development team will continue to be located in Zurich, Switzerland. BridgeCo also maintains sales and marketing offices in London, Taipei and Tokyo, and satellite development teams in Moscow and Bangalore.

"The US consumers are a major driver of the emerging digital home market," said Gene Sheridan, CEO of BridgeCo. "Our new LA business HQ gives BridgeCo a front row seat in this important market, and enhances our relationships with key global companies that are at the forefront of content creation and technology development across the PC and CE markets."

The financing round was led by Advent Venture Partners and Wellington Partners, who were joined by all of BridgeCo's Series C investors: Benchmark Capital, Cipio Partners (formerly Infineon Ventures), Earlybird Venture Capital, Fidelity Ventures and Intel Capital.

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