DENMARK - Vækstfonden and angels back Teklatech with DKK 5m

Copenhagen-based Teklatech delivers targeted IC design solutions to the semiconductor industry. Its product FloorDirector is an implementation phase digital design automation tool which works at the floorplan level. It enables ASIC designers to reduce dynamic IR drop and power grid noise in system-on-chip designs, by automated flattening of dynamic current peaks. In April this year, Teklatech launched version 2.0 of the product which is currently testing with several semiconductor producers.

Teklatech was founded in 2006 with financial support from DTU Innovation (The Technical University of Denmark). The business received DKK 8m in funding from SEED Capital and Ulrik Danne-skiold-Samsøe Holding. In the spring of 2008 the business grew to employ eight people, but following the financial crisis, was forced to reduce the number staff to four in early 2009, when clients postponed orders for Teklatech's product FloorDirector.

The current investors were introduced to Teklatech in February 2009, and the transaction closed end of May.

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• Topics
• Early-stage
• Nordics
• Technology