e-peas, a Belgian company that develops and markets disruptive ultra-low power semiconductor technology raised an additional €8 million funding. The round was led by Partech and Airbus Ventures, with KBC Focus Fund, W.IN.G, Noshaq Ventures, LeanSquare, Nivelinvest, and Vives also contributing.
Romain Lavault, General Partner at Partech: “Since our initial investment in 2017, we have been incredibly impressed by how Geoffroy and Julien have transformed a small R&D company into a recognized leader in low power IoT and edge computing with prestigious clients around the world. Geoffroy and Julien have also put the company in scale-up mode with the arrival of very experienced talents like Jean-Paul Bardyn and Christian Ferrier, have quadrupled the size of the team, and have developed an active commercial pipeline worth 500M$ over 3 continents. We are proud to be supporting e-peas again on their journey to make the world run battery-free.”
The company is planning to use this funding to accelerate the development of new products and market penetration of its existing products. Part of the funding will be used to strengthen its commercial presence worldwide by opening more offices.
Headquartered in Mont-Saint-Guibert, e-peas is uniquely positioned within this sector, serving as a one-stop-shop for customers’ energy harvesting requirements and enabling their hardware to be powered indefinitely.
The company is working with various sectors including industrial, home/building automation, agriculture, health monitoring, smart metering and other sectors. Furthermore, over the last 3 years, the company has been continually broadening the scope of its Ambient Energy Manager (AEM) product line.
This now covers solar, thermal, vibration and RF methods for extracting energy from IoT devices’ surroundings – thereby making them completely energy-autonomous. The imminent introduction of ultra-low-power processing and sensing solutions will bolster the e-peas portfolio still further. Headquartered in Mont-Saint-Guibert, Belgium, with additional offices in Switzerland and the USA.
Matthieu Repellin, Investment Manager at Airbus Ventures: “With its exceptional low-power ICs, e-peas is a key attractive partner for all those considering the design and deployment of energy-efficient autonomous devices at scale. e-peas has been a model in terms of execution and reliability. We are thrilled to continue supporting this outstanding European team through its fast-accelerating journey.”
Main image credits: Partech