Radiocrafts AS, a leading supplier of wireless radio frequency (RF) modules to the professional market for communication in the license-free frequency bands, has received growth capital from Verdane Capital. The new funding is part of the strategy to further expand the sales and marketing activities in the global market.
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
GP is investing from its £120m SME Fund, which held a final close in July 2018