Tech Company Financing Transactions
PowerID Funding Round
PowerID closed a $12 million funding round on 9/4/2007. Backers included Partech Partners, Amadeus Capital and Apax Partners.
Transaction Overview
Company Name
Announced On
9/4/2007
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Partech Partners (Lead Investor) (Ami Amir)
Proceeds Purpose
Erez Kahani, CEO of PowerID said, "Over the last year, we have shown that BAP addresses a large market need. In the future, we will continue to address this need while expanding into new opportunities with an EPC-compliant, BAP product line and sensor labels."
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
4 Hatnufa St. 3116
Petach Tikva, 49510
Israel
Petach Tikva, 49510
Israel
Phone
Website
Email Address
Overview
PowerID develops high performance BAP RFID label systems, incorporating its battery into a thin and flexible, printable RFID label to enable superior visibility, reliability and performance for PowerID customers in the third party logistics, newspaper and media publishing, and aerospace and defense industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Erez Kahani
Chief Technical Officer
Zvi Nitzan
VP - Sales
Lior Rapaport
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