Growth financing of €8.2 million for fos4X

18 Jun 2018

Growth financing of €8.2 million for fos4X

Titel: fos4X

The developer of fiber optic sensor technology fox4X has successfully completed a series B financing round. The €8.2 million growth financing will be used for the internationalisation of the company, scaling and expansion of the digital business.

fos4X supports all of the top 10 wind turbine manufacturers and has established fast growing series deliveries with some of them. So far, fos4X has applied for more than 100 patents around technology, sensors and applications. This makes fos4X an important driver of the digitalization of the wind energy industry.

In addition to all previous investors (BayernKapital, Falk Strascheg Holding, High-Tech Grün-derfonds, Unternehmertum Venture Capital Partners and Business Angels), Series B growth financing was supported by the new main investor Equinor. Equinor is a Norway based energy company with operations in more than 30 countries. As part of Equinor’s strategy to actively complement its oil and gas portfolio with profitable renewable energy sources, the company has developed a sizeable offshore wind portfolio.

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