EnOcean raises $13 mil for US expansion

May 5, 2005 – EnOcean GmbH, an Oberhaching, Germany, a start-up producing wireless radio sensors and switches without batteries, announced it raised $13 million for expansion of its U.S. business and to support integration of its technology within ASICs and MEMS.

The company was founded in 2001 and is a spin-off from Siemens AG.  Investors included SAM Private Equity, Wellington Partners, 3i, Siemens Venture Capital, and BayTech Venture Capital.


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