Germany, EnOcean Completes €8M Equity Financing

EnOcean GmbH, an Oberhaching, Germany-based producer and suplier of maintenance-free wireless sensor solutions for use in buildings and industrial installations, has announced that it has completed its €8m fourth round of equity financing.
Investors in this round include Amsterdam-based SET Venture Partners and the German Kathrein group. They join existing investors Atmos, BayTech Venture Capital, Emerald Technology Ventures, Siemens Technology Accelerator, Siemens Venture Capital, Wellington Partners.
The company will use the new funds to develop an energy-autonomous wireless technology and expand its international market presence.
As stated by EnOcean’s CFO Uwe Thumm, “This new financing backs 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 highly promising platform technology”.
The company currently employs 50 people in Germany and the USA. 

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