Eco-friendly microcontroller company Energy Micro in $13m VC round

Energy Micro, a specialist in low energy microcontrollers, plans to use the investment to develop and bring to market its eco-friendly radio products in hopes of expanding the organisation and sales channels for future growth.

Its products include the Gecko microcontroller family, which are used in energy sensitive application sectors such as metering, home and building automation, alarm and security systems, and medical equipment.

Northzone will include Energy Micro as the first investment in its Northzone VI fund, which held a first close last month on €90m.

Geir Førre, CEO at Energy Micro, said, “Energy Micro had the enviable position to be able to choose from a number of top-tier venture capitalists who all wanted to invest in the company. We are very proud to have Northzone and Investinor as our first external investors and members of the board, and believe they will contribute significantly to the company’s development and growth in the coming years.”

Northzone is a Scandinavian-based venture capital partnership that invests in Nordic companies. It typically invests in technology companies in both the seed and expansion phases. The company operates five funds and manages €355m.

Investinor is Norwegian-based and invests most commonly in the energy, clean technology, maritime, marine and travel sectors. Investinor is fully owned by Innovation Norway.

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