EnOcean GmbH, a German provider of self-powered wireless technology for energy-efficient systems in the building sector, has raised EUR 4.5 million in new VC funding. Wellington Partners and 3i Group were joined by Emerald Technology Ventures, Siemens Venture Capital, BayTech Venture Capital and Atos SpA. The company has now raised more than EUR 20 million.
EnOcean GmbH has received 4.5 million Euros for acquisition of new markets worldwide and continued development of its self-powered wireless technology for energy-efficient systems in the building sector. This brings the company's total amount of venture and growth capital since it was founded to over 20 million Euros.
EnOcean is the market leader in the field of wireless sensors for applications in building and industry. With an annual turnover and sales growth of 100 percent, the company has sold some half a million units and estimates the market potential for self-powered wireless modules to be several hundred million modules a year. New international customers include Masco Corporation,
Due to the major success of the EnOcean Alliance, which manages worldwide standardisation of EnOcean technology and co-finances the marketing of products that use EnOcean technology, lendors and investors had even further incentive to invest in EnOcean's expansion.
“This new financing will be focused on expanding the European and North American markets, and establishing new markets, especially in
The investors with the largest shares are Wellington Partners GmbH,
Rolf Dienst, general partner of Wellington Partners GmbH, sees very high growth potential ahead for EnOcean GmbH. “I'm convinced that EnOcean can tap this enormous market potential with its technology for energy-efficient solutions,” said Dienst, “You might say EnOcean technology is the quasi foundation for smart, green buildings.”
EnOcean's business model will remain unchanged with this new investment and the target market will remain sensor technology for sustainable buildings.
EnOcean GmbH, established in 2001 and headquartered in Oberhaching near
EnOcean GmbH employs more than 40 people in
EnOcean GmbH is a promoter of EnOcean Alliance Inc., established at the light+building show 2008 on April 7.
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Andreas Schneider, Press contact, EnOcean GmbH | Tel: +44 (0)1296 628 180 | e-mail: firstname.lastname@example.org | WWW: http://www.enocean.com | Beky Hughes, Neesham Public Relations | Tel: +49 89 673 46 89 35 | e-mail: email@example.com | Kerry Marsh, Neesham Public Relations | Tel: +44 (0)1296 628 180 | Fax: +44 (0)1296 696 530 | e-mail: firstname.lastname@example.org | WWW: http://www.neesham.co.uk