SWEDEN - Silex raises SEK 150m from Priveq et al

Silex manufacturers MEMS, which are complex mechanical and electric systems on a micro scale that are built in the form of a chip. The company has about 70 clients, of which ten are large volume costumers. Founded in 2000, Silex has been profitable since its inception and generated net sales of SEK 167m in 2007, up 77% from 2006, with operating profits of SEK 11.3m. The Järfälla-based company employs 119 people.

Silex received EUR 2.7m in a first round of funding in 2001 from Startupfactory and Swedestart. In 2003 funds managed by CapMan (including Swedestart) invested EUR 7.7m together with Startupfactory to support further growth.

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• Topics
• Expansion
• Nordics