Subject: [NEXTEL-1] RadioFrame raises $12 million in latest round

From: [email-masked]
Date: Fri, 26 Sep 2003 20:46:16 -0400

9:39 AM PDT Monday

RadioFrame raises $12 million in latest round

RadioFrame Networks Inc., a Bellevue-based maker of wireless
networking systems, said it has raised $12 million, bringing the total
funding for the company to $38 million. The company last raised money
in April 2002 -- a $15 million round.

This fourth round of funding was led by
VantagePoint Venture Partners, and included
existing investors COM Investments, Ericsson
Venture Partners, Ignition Partners, Nextel
Communications and Orange Ventures.

Founded in 1999, RadioFrame has developed a
small cellular device capable of handling digital
cellular technology and wireless data technology,
which the company installs inside office buildings
where wireless service doesn't otherwise work.
The device is about the size of a standard office exit
sign.

For now, the company sells its system in the United
States in partnership with Nextel. The new funds
will allow RadioFrame to more "aggressively"
distribute its product line, as well as to design new
products, the company said.

Eric Ver Ploeg, managing director at VantagePoint
Venture Partners, was named to RadioFrame's
board as a result of the funding round.
http://seattle.bizjournals.com/seattle/stories/2003/09/22/daily1.html

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