Funding
EnOcean GmbH has announced the completion of a new round of financing, raising €8 million for the development and marketing of its self-powered wireless technology. Two new investors, SET Venture Partners and the Kathrein Group, have joined existing investors Atmos, BayTech Venture Capital, Emerald Technology Ventures, Siemens Technology Accelerator, Siemens Venture Capital and Wellington Partners in the round.
“This new financing [will] back up our strong growth curve. The extra funds give us ample financial means to intensify our sales activities in Europe, North America and Asia. Plus, we’re of course investing in further development of our [...] platform technology,” said EnOcean’s chief financial officer, Uwe Thumm.
EnOcean’s maintenance-free wireless sensors, for use in buildings and industrial installations, are based on a combination of miniaturised energy converters, ultra-low-power electronic circuitry and wireless.
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