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u-Nav funding.(Deals)(Brief Article)

GPS World

| August 01, 2004 | COPYRIGHT 2004 Questex Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

u-Nav Microelectronics Corp. of Irvine, California. closed a $5 million Series D round of financing led by Nordic Venture Partners, iSherpa Capital, Shelter Capital, and UNI-LLC. u-Nav will expand its sales and marketing teams, and development. The company has reported 300 percent quarter-over-quarter growth for the past two years and expects similar growth in the future.

u-Nav also announced that Trimble Navigation of Sunnyvale, California, made an investment in this financing round. Carrying ...

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