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  • SkyCross Raises $3.5 Million from NXT Capital Venture Finance

    July 10th, 2012 No comments

    Woodside, CA, July 9, 2012 – NXT Capital’s Venture Finance Group today announced that it has provided a $3.5 million subordinated venture loan to SkyCross, Inc. The facility’s highly flexible structure integrates with the company’s current capitalization structure and gives SkyCross capital to drive its global growth efforts.

    SkyCross is a global designer and manufacturer of high-performance antenna solutions for a variety of wireless devices in the mobile phone, personal entertainment and computing industries. Through its patented iMAT antenna design technique, SkyCross produces single antenna structures that behave like multiple antennas using multiple feeds for multiple-input, multiple-output operation. This allows designers to create a full range of consumer electronics products that are small, stylish and differentiated while operating with faster data rates, increased network capacity and better reliability. Headquartered in Fremont, CA, SkyCross is backed by TL Ventures, Investor Growth Capital, Intel Capital, Gabriel Venture Partners and DOCOMO Capital.

    “NXT Capital Venture Finance really set itself apart by taking the time to truly understand our business,” said Ben Naskar, SkyCross CEO. “From the beginning, NXT proved to be more than just a provider of capital, but a true business partner. We look forward to building our relationship with NXT Venture Finance if future capital needs arise.”

    “SkyCross has created an exceptional suite of patented technologies that solve numerous pain points in the mobile space,” said Peter Fair, Managing Director, NXT Capital Venture Finance. “As the growth of 4G LTE expands, SkyCross is poised to further entrench itself as a leader in mobile antenna solutions. We are thrilled to be associated with such a high quality management team and investor group.”

    ABOUT NXT CAPITAL VENTURE FINANCE:
    NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance offers senior and subordinated term loans in the $1 million to $20 million range to emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking more efficient growth capital. For more information, see www.nxtcapital.com/venture-finance.

    ABOUT NXT CAPITAL:
    NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. See www.nxtcapital.com.

    ABOUT SKYCROSS:
    SkyCross is a global designer and manufacturer of antenna solutions for the mobile phone, home entertainment, and computing industries. SkyCross provides high-performance antenna technology bundled with RF system-level expertise and responsive regional support from its full-service facilities in the USA, South Korea, China, Taiwan, and Japan. This convenient approach empowers device manufacturers to develop winning consumer electronics products and deliver them to market faster and easier. For more information, see www.SkyCross.com.

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