SEP has led a $20 million second round funding for Gigle Semiconductor, a leading developer of multimedia home networking solutions.

Gigle is developing system-on-chip integrated circuits capable of changing the way people view movies and television broadcasts, listen to music, access information and play games. Its leading-edge solutions allow networking over existing wires in the home including power lines, coax cables and phone lines, taking multimedia home networking to a new level.

SEP, which has had significant success in the semiconductor sector with Wolfson Microelectronics and Cambridge Silicon Radio, was joined in the funding round by existing investors Accel Partners and Pond Venture Partners.

Gigle will use the funds to support the development and launch of its new low-cost high-performance chip. The multinational company, which was established in 2006, has operations in Barcelona and in Edinburgh and also in Redwood City, California.

Gigle CEO and President Juan Carlos Riveiro said: ““The level of investment and the quality of our investors is a huge vote of confidence in the company, its technology, and its people. This investment will enable us to deliver to our customers the highest bandwidth, most reliable, most cost-effective home networking solutions available.”

SEP’s Stuart Paterson said: “We are very impressed with the team at Gigle and the progress they have made in bringing their world-beating technology to market. SEP has had two of the largest fabless semiconductor IPOS in Europe in the last five years and we are confident that Gigle will follow the same model.”