Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


SensorDynamics closes Series B round with € 25 million
Investment will be used to expand sales, engineering and production efforts


Graz, Austria - December 11, 2007: SensorDynamics, a fast-growing company that focuses on innovative micro and wireless sensor products for automotive and industry applications, today announced that it has raised € 25 million ($ 37 million) in Series B equity funding and structured leverages. The Series B round was funded by a consortium of investors that included SensorDynamics’ Series A investors, Global Equity Partners with HTA III Venture Beteiligungs-Invest AG, Siemens Venture Capital, DEWB and three new Series B investors, PONTIS Venture Partners with PVP I fund, FIDURA Private Equity Funds and IPO-Austria with its Steirische Technologie- und Wachstumsfonds.

Funds will be used to further the market penetration of SensorDynamics’ leading edge micro and wireless silicon products, to expand international sales and to bolster the company’s engineering and production team. In a company statement, Herbert Gartner, CFO of SensorDynamics, commented: 'We are delighted with the commitment from our investors and are keen to leverage their experience to broaden our international operations. We are busy putting expansion plans against long-term customer product revenues and this financing round will clearly support our efforts.'

Uwe Albrecht Managing Partner at Siemens Venture Capital stated that: 'Since our initial investment, SensorDynamics has established itself as a prominent provider of sensing and wireless technology to the automotive and consumer industries. We are excited to take the company to the next stage with this new investment.'

“Taking part in the Series B funding round and acquiring first stakes in SensorDynamics, we are continuing our strategy to invest in innovative, growth-oriented, mid-sized companies with technological leadership, strong upside potential and manageable risk”, outlines Klaus Ragotzky, Managing Partner of the issuing house FIDURA Capital Consult, Munich. Gerald Schaufler, Funds Manager at PONTIS Venture Partners adds: “The strong experience of the SensorDynamics management team in the fields of semiconductors and sensors, combined with long term strategic partnerships with world class companies such as Fraunhofergesellschaft, ST, TSMC or ASE will boost the technological leadership of SensorDynamics in the near future”.

About Global Equity Partners

GEP is a Central European investment house, which has been managing investment companies since 1998. Institutional investors from Austria, Germany and Switzerland have made over EUR 450 million available in investment capital to date. GEP’s investment focus lies in the areas of venture capital, private equity and real estate. Recently, long-term targeted investments with a focus on manufacturing industries have been added; this activity is to be expanded further in the future. www.gep.at

About Siemens Venture Capital

Siemens Venture Capital (SVC) is the corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies, with reported worldwide sales of 87.3 billion euro in the fiscal year 2006. SVC's goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in the focus areas of long-term growth markets such as Energy & Environmental Care, Automation & Control, Industrial & Public Infrastructure and Healthcare. To date, we have invested over 700 million euro in more than 100 start-up companies and 35 venture capital funds, making venture capital at Siemens an integral component of the Siemens innovation and growth strategy, which furthermore supplements its in-house research and development activities (5.7 billion euro and 50,000 R&D experts in 2006). SVC is located in Germany (Munich), in the U.S. (San José, CA and Boston, MA), in China (Beijing), in India (Mumbai), and is active in Israel through Siemens´ regional unit. SVC is part of Siemens Financial Services and of a greater network


Publisher Contact Information:

SensorDynamics AG
+43-3182-40160-0
PublicRelations@sensordynamics.cc

Company profile of SensorDynamics AG
Past press releases of SensorDynamics AG.

Data


26,227
Tech investments
From our Online Data Service
16,943
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Oct 11N/AInternet services
Oct 11€1.1MKnowledge management
Oct 11N/AInternet services
Oct 11€13.0MBiotechnology
Oct 11N/AMedical devices
Oct 10€50.0MInternet services
Oct 10€23.0MOther Computers & Electronics

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.