Chipset maker Metanoia raises $19.3m from Taiwania Capital, others

Photo: Reuters

Metanoia Communications Inc. (Metanoia), a Taiwan-based manufacturer of chipsets for the wireline broadband market, has raised $19.3 million in a funding round led by Taiwania Capital Investment and National Development Fund, according to a statement.

Elan Microelectronics, the original primary investor in Metanoia, is also participating in this round. Metanoia Communications is a subsidiary of Elan Microelectronics.

Since its inception, Metanoia has been supporting several generations of semiconductor and software solutions for the wireline broadband and the in-home networking markets.

According to Metanoia President & CEO Chien-Te Wu, this new round will enable Metanoia to develop and release 5G chips for remote radio units, small cells and CPEs in the near future.

“Taiwania Capital Investment is very excited about investing in Metanoia as it embarks on a new journey with its strategic decision to diversify into the 5G market with the introduction of exciting new products with significant potential and market prospects,” said Taiwania Capital CEO David Weng.

Taiwan is embarking on a strategy and plan for deploying 5G in both public and private enterprise networks in 2020, per the announcement.

Taiwania Capital is a venture capital firm that establishes partnerships with worldwide companies to boost the country’s economic growth. Most recently, the firm was reported to lead a $14.5-million Series B funding round in Silicon Valley-based DSP Concepts, Inc.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.