Zenverge, Inc., a leading developer of Advanced Media ICs, announced that it has closed a $20.5 million Series D round of financing led by Entropic Communications. The round also included participation from new investors, the CID Group and Woodside Fund. The company will use the funds to accelerate support and growth to meet market demand. Existing investors, DCM, Norwest Venture Partners (NVP), Motorola Mobility Ventures and Battery Ventures have all participated in this round. Find more details of the deal here.
