Energy Micro finally takes venture funding

By _Chris Edwards

March 18, 2010

Geir Førre, founder and CEO of low-power microcontroller startup Energy Micro was in no hurry to raise venture funding for his company. Having sold his previous startup Chipcon to Texas Instruments, he was able to use his own money to get Energy Micro off the ground for around. And with some money from the Norwegian government and lead customers, the company had $6m to get to its first product launch, the EFM32 Gecko that appeared last year.

It took $3m, according to Førre, to get the Gecko out of the door and employ, as of October, around 30 people. The remainder was seen as enough to get the company to the middle of this year and has since taken on some more people, taking its headcount to 35. To get further, the company has raised $13m in venture funding. Last year, Førre said Energy Micro was looking for around $10m, arguing that it need not take much to get a fabless startup off the ground and into revenue.

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