Carbon Trust takes stake in CamSemi
Cambridge Semiconductor has raised $26million in what it claims is of one of the largest VC funding rounds for a European fabless semiconductor company this year. The investment features a $4m equity stake by Carbon Trust Investments – the first time it has taken a stake in a company looking to improve energy efficiency in consumer products.
Adam Workman, partner at Carbon Trust Investments, said: “Standby power is an important issue for consumer electronic equipment manufacturers. There are also several pieces of impending legislation that will force manufacturers to reduce energy consumption when their products are in standby mode. We believe CamSemi has one of the few technologies in development with the potential to really make a difference in this area.”
