Nanopower Semiconductor AS, today announced the appointment of Svein-Egil Nielsen as its new Chief...
Nanopower Semiconductor AS, today announced the successful closing of an equity financing round totaling EUR 9.4 million.
The round consisted of EUR 8 million in new equity and EUR 1.4 million of debt converted into equity.
The financing round attracted three new institutional investors:
EIC Fund (European Union) the European Innovation Council’s dedicated investment arm, supporting visionary, high-impact European innovators. https://eic.ec.europa.eu/eic-fund_en
Big Sur Ventures (Spain) through its venture capital fund BSV IV ARIADNE FCRE, backing early-stage technology companies with disruptive potential in Europe and beyond. https://www.bigsurventures.vc/
Skagerak Capital (Norway) a leading Norwegian VC firm through its fund Agder Seed AS, investing in scalable technology companies with a focus on Southern Norway. https://www.skagerakcapital.com/
Existing shareholders, led by the Blystad Group and Borgen, also participated, strengthening their commitment to Nanopower Semiconductor’s long-term growth.
The fresh capital will be used to scale the commercialization phase and mass production of the company’s breakthrough nPZero IC, which dramatically reduces energy consumption in electronic devices, enabling battery-powered and energy-harvesting applications previously not possible. Funds will also support expansion of the company’s product portfolio to unlock further opportunities in ultra-low power markets.
EIC Accelerator funding
Nanopower development is part-funded through EU’s European Innovation Council.
