Nordic Power Converters IVS (DK) closed a Private Placement
Nordic Power Converters is a Danish, multiple award winning company. It has developed a power converter that is five times smaller and lighter and has 2-5 times longer lifetime than current power converters.
This technology breakthrough is known as Very High Frequency Switch Mode Power Supplies (VHF SMPS).
Nordic Power Converters I/S raised an undisclosed amount from prominent private investors and VC investor Seed Capital. 1CT acted as exclusive advisor to the Company.
The investment marks an impressive ignition point for the small yet very promising company.