Swedish MEMS Startup Scores $2.5M

KISTA, Sweden -- Silex Microsystems AB, a Swedish MEMS company, raised EUR 2,7 million fromventure capitalists Startupfactory and Swedestart to finance further productdevelopment necessary for a successful transition to the internationalmarket. At the same time Lennart Ramberg, founder and ex-CEO of Altitun,joins Silex board.Silex Microsystems develops, produces and sells MEMS (Micro ElectroMechanical Systems) components and systems. The founders and employees - 13 persons - of Silex have a strong academicexperience as half of the group hold PhD's in MEMS. The company was foundedin October 2000 as a spin-out from the industrial research institute AcreoAB and the turnover for the current year is EUR 1.9 million."Silex Microsystems is an extremely exciting company with world leadingcompetence within MEMS. Their ability to understand the clients' needscombined with fast profitable growth convinced us that Silex has greatprospectives to establish itself as an international supplier ofstandardized MEMS components", comments Staffan Helgesson, Managing Partnerat Startupfactory.Silex Microsystems AB