18 March 2010
Energy Micro nets $13million investment
Energy Micro has secured $13million funding from Northzone Ventures and Investinor in its first external funding round. The cash will be used to continue the development of its microcontroller product portfolio, as well as to develop and market a family of energy friendly radio products.
Torleif Ahlsand, Northzone Ventures' general partner, joins Energy Micro's board as chairman. He said: "Energy Micro has all the ingredients in place to make it a real success; with differentiated products and technology promising quantum leap performance improvements and an outstanding management and engineering team. We are proud to be associated with such a dream team."
Geir Førre, pictured, Energy Micro's ceo, added: "Energy Micro had the enviable position to be able to choose from a number of top tier VCs who all wanted to invest in the company. We are very proud to have Northzone and Investinor as our first external investors and members of the board and believe they will contribute significantly to the company's development and growth in the coming years."
Author
Graham Pitcher
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Websites
http://www.energymicro.com
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