GreenPeak Technologies completed a €13m ($19m) Series B venture capital financing round.
The round was led by exisiting backers Gimv and Robert Bosch Venture Capital with participation from DFJ Esprit, Motorola Ventures and Allegro Investment.
The proceeds will provide the company with the necessary funds to finance its growth in the coming years.
GreenPeak is a fabless semiconductor company offering innovative ultra low power wireless and battery-free data communication technologies for consumer electronics and sense and control applications.
It is based in Utrecht – The Netherlands and has offices in Belgium, Japan and Korea.