Greenpeak Technologies closes Series B round

Semiconductor developer Greenpeak Technologies has raised €13 million (£11.6 million) in a Series B round.

Existing investor Gimv, a European growth capital and buy-out firm, and newcomer Robert Bosch Venture Capital led the investment in the Netherlands-based company, which specialises in battery-free wireless technology for use in consumer electronics such as remote controls.

Motorola Ventures, London-based venture capitalist DFJ Esprit and Belgium-headquartered Allegro Investment Fund also participated in the fundraising.

Claus Schmidt, MD of Robert Bosch Venture Capital, is joining Greenpeak’s board. He comments, ‘Bosch covers many fields in home, building and industrial applications and recognizes the potential of wireless [technology] in these fields.’

Elderd Land, a partner at Gimv, says Greenpeak’s technology is establishing a platform for home automation.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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Series B funding