Belgium-based XTrion has led the $2.6m equity and debt round for US-based technology company MicroGen Systems. The oversubscribed round includes $800,000 from a separate licensing agreement, and a contract with the NY State Energy Research Development Authority Rudi De Winter, managing director of XTrion, which owns X-FAB Silicon Foundries, Melexis and M-MOS Semiconductor, said: “MicroGen’s core principal devices will have a direct positive environmental impact. XTrion believes that the MEMS-based piezoelectric vibrational energy harvester (PZEH) technology being commercialized by MicroGen will play a significant role in wireless sensor markets within many different industries from industrial and automotive, to household and consumer markets as well.”
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MicroGen Systems raises £2.6m
Jan 16, 2013 • Global Corporate Venturing
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