GERMANY - Wellington and 3i lead EUR 4.5m EnOcean investment

Other investors in the round included Emerald Technology Ventures AG, Siemens Venture Capital GmbH, Siemens Technology Accelerator GmbH, BayTech Venture Capital Beratungs GmbH and ATMOS SpA. This funding brings the company’s total amount of venture and growth capital since it was founded to over EUR 20m.

EnOcean produces wireless sensors for applications in building and industry. The company is currently achieving annual turnover and sales growth of 100% and has sold some half a million units. It estimates that the market potential for self-powered wireless modules could be as high as several hundred million modules a year. EnOcean was established in 2001, employs more than 40 people and is headquartered in Oberhaching near Munich.

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• Topics
• Early-stage
• DACH