Intel Capital, the corporate venturing unit of US-listed chip maker Intel, has floated its fourth portfolio company of the year and the second in the past month in Taiwan and backed software maker Tribold.
Parade Technologies, a US-based fabless semiconductor company that in September last year shipped its 100 millionth chip (pictured), has floated on Taiwan’s over-the-counter market, GreTai Securities Market.
Intel Capital made its first investment in Parade Technologies in its $14.5m series B round in 2007. Legend Capital, the corporate venturing unit of China-based computer maker Legend and an existing investor from the $7m series A, also participated in Parade’s B round alongside venture capital firm AsiaVest Partners. Intel Capital then followed with an additional investment in 2009, which a regulatory filing showed as being worth $3m from 10 investors.
At the end of August, Gudeng Precision Industrial Company went public on the GreTai after Intel Capital backing.
Intel Capital became a backer in November 2009, investing an undisclosed amount in Gudeng. Intel’s other initial public offerings this year were China-based BCD Semiconductor, in January, and the China-based news content provider Phoenix New Media in May.
Separately, Intel Capital reinvested in UK-based Tribold, a provider of software for communication service providers.
Alongside Intel Capital in the series D round of undisclosed size was venture capital (VC) firm DFJ Esprit.
Marcos Battisti, managing director of Intel Capital western Europe and Israel, said: "The increasing complexities of a modern telco operator’s product offerings have meant that solutions like Tribold’s have become essential for any operator looking to streamline and reduce the costs associated with the launch, management and retirement of their products."
Intel Capital first invested as part of Tribold’s $11m round in January 2009, alongside DFJ Esprit and VC peer Eden Ventures. Esprit (before its merger with DFJ) and Eden had previously invested $15m in Tribold’s series B round in March 2007, with Eden contributing undisclosed amounts previously.