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November 17, 2006
Cleantech VC Leads Round For Austrian RFID Company
Austria's Identec Solutions has rasied €10M in a round led by SAM Private Equity, a Swiss cleantech investor. Other investors include Sustainable Performance Group, RFID Invest, gcp gamma capital partners. The company announced it wanted to raise $15M back in June. Since the PR says this was a first closing it means it's probably looking to raise $5M more.
It's a bit of a stretch trying to understand how SAM Private Equity could see this as fitting its cleantech style - maybe its looking at the potential RFID tracking and tracing solutions have to reduce CO2 emissions because containers are not zooming around the world half empty, or transport and logitstics companies being more efficient on the road and in the air. We're not sure.
Identec has some big name reference customers, such as Boeing and Volkswagen. And the capital is meant to enable the company to expand geographically plus invest in development of new products.
Read - Austrian RFID Firm Raising (a:c euro)
Posted on November 17, 2006 02:55 PM | Posted to News And Updates | Permalink
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