Investee Company – Digital Communication Technologies (UK)
Investee Company Business Type – Fabless semiconductor company
Type of Financing – Expansion
Equity Providers – MTI Partners
Equity Leader (Individual) – Gareth Jones and Ernie Richardson
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – £2 million
Total Deal Value – £2 million
Other Advisors – MTI was advised by Barry Maytum of Nabarro Nathanson. DCT was advised by Nicholas Thompsell at Field Fisher Waterhouse.
Comments – MTI Partners has announced further investment in its portfolio company Digital Communication Technologies (DCT). MTI invested £2 million in this round bringing the total invested so far by the firm in DCT to £4.128 million.
This latest round of funding will be used to strengthen DCT’s senior team with the priority being to appoint an industry experienced chief executive. It will also be used to launch its first standard microcontroller part and increase sales and marketing activities.
Dr Paul Castle, chief executive of MTI, commented: MTI’s latest round of investment in DCT illustrates our confidence in the company and its world-class products and technology. Despite the difficult climate in the technology sector, UK companies such as DCT with first class technology addressed to burgeoning markets will find a ready supply of funding from MTI and its peers. MTI first invested in DCT as a pre-start-up situation, and we expect to continue to support its growth and development through to full scale operations and conspicuous commercial success.”