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Case Study

Lime Microsystems: VC funding fuels wireless semiconductors

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Case study

Lime Microsystems has developed a new, field programmable RF semiconductor technology that is bringing mobile communications to isolated communities in developing nations.

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Fast Facts

Start date: 2005

Website: www.limemicro.com

Market sector: semiconductors

Location: Surrey

Number of employees: 20

Company Successes

January 2006: investment round from ACT Venture Capital and DFJ Esprit

April 2008: first FP-RF transceiver chip created

February 2009: first product commercially available

December 2011: 100th customer secured

March 2013: developed non-profit Myriad-RF initiative to increase access to open-source RF hardware

July 2013: used to create first true open-source base station transceiver: deployed by Rhizomatica to give extremely remote communities mobile network access.

October 2014: partnered with Altera, the leading supplier of Field programmable digital integrated circuits (NASDAQ, ALTR) to provide a complete wireless solution

"The atmosphere within SETsquared enabled me to discuss our plans with others and get feedback, which was valuable SETsquared is good at establishing that kind of environment."

"SETsquared provided useful feedback around pitching for investment. At some points we had weekly meetings, discussing exactly what sort of investors to target, and going through our presentation and getting feedback."

"The SETsquared people had the in-depth experience to help us with our ideas. They also put us in touch with relevant grants: for example, funding from UKTI to attend industry events."

"Sarah De'Lacy, incubation director, was able to bring on board very helpful mentors, and to connect us to key people for advice."

Dr Ebrahim Bushehri, CEO, Lime Microsystems

Article tags

SETsquared Support

  • mentoring
  • premises
  • events
  • investor readiness

SETsquared helped us a great deal to get funding, including question and answer sessions before I started presenting to investors, which helped me to improve my pitch. Working with SETsquared accelerated the whole process, and without them it would have taken longer to secure investment."

Dr Ebrahim Bushehri, CEO, Lime Microsystems
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