VCs back GreenPeak

Venture Capital firms Gimv and Robert Bosch have joined existing investors DFJ Esprit, Motorola Ventures and Allegro Investment Fund to raise €13m in series B funding for semiconductor company GreenPeak Technologies.

GreenPeak, a fables semiconductor company that focuses on ultra low power wireless and battery free communication technology for consumer electronics, wireless sense and control applications, will use the funding to promote growth over the next few years and expand its distribution channels.

Elderd Land, partner of Gimv, said: “GreenPeak has progressed rapidly since we first invested in 2006 and we’re excited to continue our support. GreenPeak is selling technology for remote controls for consumer electronics and has excellent customer traction.”