Bristol, England, June 5th 2007 – Nanotech Semiconductor Limited ("Nanotech”), a fabless IC company specializing in advanced Analog and Mixed-Signal ICs for fiber optic communications, today announced the completion of a $2.5m ‘top-up’ funding round.

Existing Venture-Capital investors Pond Venture Partners (London, San Jose, CA), and Atlantic Bridge (London, Dublin), together with CEO and founder, Gary Steele, contributed pro-rata to the $6m ‘A’ round completed in 2005. This brings total investor funding to more than $10m, together with customer project funding of nearly $2m, and product sales revenues ramping quickly towards $10m p.a. Together these income streams are expected to lead to the important break-even milestone later this year.

Gary Steele, CEO, commented: "The last 12 months has seen very significant customer funding for some very exciting consumer and telecom ICs and it was important we matched this commitment with growth in our own resources. We believe we now have the largest - and best - development team in the world dedicated to Analog CMOS ICs for fiber based communications and we are very grateful for the support of customers and investors in allowing us to grow the business”.

Richard Irving of Pond added: "With their blue-chip customer base, substantial design wins and volume orders, it was not hard to justify supporting the team further," said Richard Irving, Managing Partner of Pond Venture Partners. "This proven team is the best in their space and we are confident the company has a bright and successful future ahead of it."

Pond works closely with its worldwide portfolio companies to help build their technology innovations into successful global businesses - as well as providing introductions to new customers, management resources and quality co-investors. Pond’s venture team include acclaimed entrepreneurs, business leaders and technology visionaries, all with an international focus and a focus on partnering with their portfolio companies for success.

Pond is regulated by the FSA.