Berlin - Schnittker Möllmann Partners (SMP) advised fos4X GmbH on its latest Series B financing round. The financing round has a total volume of 8.2 million euros (US$10m). The Norwegian energy company Equinor strengthens the group of shareholders as anchor investor. In addition to Equinor, all previous investors, BayernKapital, Falk Strascheg Holding, High-Tech-Gründerfonds, Entrepreneurship Venture Capital Partners and Business Angels also participated in the growth financing.
Munich-based fos4x GmbH is an energy focused fiber optic sensor technology company. It was founded by Lars Hoffmann in 2010.