PowerID Raises $12 Million

PowerID Ltd., a Tel Aviv, Israel-based provider of battery-assisted passive RFID technology, has raised $12 million in Series B funding. Partech International led the round, which included existing shareholders Amadeus Capital Partners, Apax Partners, Clal Industries and Investments and Infinity Venture Capital.  This is PowerID's first fund-raising as an independent company following its spin-out from thin-battery company PowerPaper earlier this year. www.power-id.com