17/01/2011 - Cleantech Ventures completes investment in Semitech Semiconductor
Cleantech Ventures led the A$3.43million round which also included existing investors and founders. Semitech Semiconductor is a provider of power line communications solutions that transform the electricity grid into a smart grid.
"Power line communications is a key enabling technology to smart grid communications and a core green initiative worldwide. Semitech’s technology and products solve the problems that have prevented power line communications from growing more rapidly, by enabling robust communications in noisy power line environments." said Jan Dekker, Managing Director of Cleantech Ventures. "We are pleased to lead this strategic round of funding that enables the company to continue to grow and lead the industry in power line communications solutions."