CamSemi, the power management IC speciailist has scooped up $4m in funding from Carbon Trust Investments, as part of $26 million raised in total for its C round funding.
Claiming it as one of the largest VC funding rounds for a European fabless semiconductor company this year, the company is aiming to reduce the 'standby' energy consumption of consumer electronic (CE) products by up to 90 per cent.
Carbon Trust Investments is taking a $4 million equity stake in CamSemi, in what is described as its first investment in a company focused on improving the energy efficiency of CE products.
(Last week we reported - Plastic solar cells project gets £5m government funding - on the University of Cambridge and The Technology Partnership being sponsored with £5m by the Government-funded Carbon Trust.)
The C round funding for CamSemi was led by 3i and existing shareholders Scottish Equity Partners (SEP) and TTP Ventures.
"Standby power is an important issue for consumer electronic equipment manufacturers owing to both rising energy costs and the emergence of green consumers who are concerned about their carbon footprint," said Adam Workman, partner at Carbon Trust Investments. "There are also several pieces of impending legislation that will force manufacturers to reduce energy consumption when their products are in standby mode. The Carbon Trust is delighted to be joining at this investment round as we believe that CamSemi has one of the few technologies in development with the potential to really make a difference in this area."
Check out the full News story, which has just been published - CamSemi scoops $26m funding to reduce 'standby' energy consumption
[Alun Williams]