EnOcean secures €4.5million for expansion plans

EnOcean, a producer of battery-free wireless sensor technology, has secured €4.5 million of new investment from Wellington Partners GmbH, Munich and 3i, amongst others.


EnOcean, a producer of battery-free wireless sensor technology, has secured €4.5 million of new investment from Wellington Partners GmbH, Munich and 3i, amongst others.

EnOcean, a producer of battery-free wireless sensor technology, has secured €4.5 million of new investment from Wellington Partners GmbH, Munich and 3i, amongst others.

The funds will be used to expand into new markets through acquisitions and for the development of its self-powered wireless technology for energy-efficient systems in buildings.

This latest round of investment brings the company’s total amount of venture and growth capital since inception to more than €20 million.

Peters Schönbergers & Partners provided legal advice to EnOcean. The team was led by Dr Sibilla Nagel with the support of partner Hans-Joachim Schreiber and associates Dr Andreas Kleinknecht and Dr Nils Hallermann.

Nagel said: “This VC investment is an important step for EnOcean to push expansion in the US and Asia. It involved complex contract drafting and significant corporate issues.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

Related Topics

Early Stage Funding