Northzone and Investinor invested in Energy Micro since 2010 and achieved a 2.5 times multiple on investment.
The deal was the first investment and now first exit from Northzone’s NZVI fund.
Headquartered in Oslo, Norway, Energy Micro has 85 employees worldwide, manufactures multi-frequency, multi-protocol wireless RF solutions.
Northzone and Investinor backed Energy Micro whilst it was in the process of developing the second generation of its microcontroller family, after entering the market with its first product only six months earlier.
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