CamSemi gets another ‘cleantech’ investor
An extension to CamSemi’s latest funding round has brought the total sum raised to $34million.
BankInvest Group, which is taking an $8m equity stake in CamSemi through its New Energy Solutions VC fund, is the second ‘cleantech’ investor to back the company, following Carbon Trust Investments.
Jens Christian Mathiesen, senior partner at BankInvest New Energy Solutions said: “BankInvest is … delighted to add CamSemi to our growing portfolio. The company’s products and value proposition in challenging the traditional power conversion sector are compelling.”
David Baillie, CEO at CamSemi added: “We are delighted to have our achievements and products endorsed so strongly by BankInvest. The additional funding will help support ongoing product development programmes and allow us to further strengthen our sales and support resources.”
CamSemi is technology that will allow manufacturers to introduce ‘cost efficient’ mains connected converters and battery chargers that are smaller, cheaper and more power efficient than existing solutions.
