SensorDynamics raises $37 million in funding

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SensorDynamics, a developer of micro and wireless sensor products, has raised $37 million (€ 25 million) in Series B equity funding and structured leverages. Funds will be used to further the market penetration, to expand international sales and to bolster the company’s engineering and production team, according to Herbert Gartner, CFO of the Graz-Lebring, Austria-based SensorDynamics.

The Series B round was funded by a consortium of investors that included SensorDynamics’ Series A investors: Global Equity Partners with HTA III Venture Beteiligungs-Invest AG, Siemens Venture Capital, DEWB; and three new Series B investors: PONTIS Venture Partners with PVP I fund, FIDURA Private Equity Funds and IPO-Austria with its Steirische Technologie-und Wachstumsfonds.