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NxtWave gets more funding

DTV demodulator chip manufacturer NxtWave Communications has raised $15 million in additional venture capital from its third equity round.

The Langhorne, Pa.-based company, which has developed an 8-VSB demodulation chip aimed at fighting multipath interference, raised $3 million in initial financing in 1996 and $13.6 million in a second round last September.

Previous investors participating in the latest round: Anadigics Inc., Blue Rock Capital, Dimensional Partners, Intel Capital, Oak Investment Partners, Pequot Venture Partners, PS Capital Ventures, Venture First Associates and Whitney & Co. New investors are C.E. Unterberg Towbin Capital Partners, Mitsubishi International Corp., MC Capital Inc. and MC Silicon Valley Inc.