Robin Hood Ventures Invests in AgileSwitch

AgileSwitch Closes Round of Financing

Philadelphia, PA – September 4, 2013 – AgileSwitch, LLC is pleased to announce that it has completed a successful round of funding from Ben Franklin Technology Partners (BFTP) and Robin Hood Ventures. AgileSwitch’s customers are manufacturers of solar inverters, wind turbines, and high speed trains. Rob Weber, CEO of AgileSwitch, said, “This funding will aid AgileSwitch in the continued development of new technologies to benefit the field of renewable energy. We are very happy to be working with these two organizations.”

The company produces IGBT Switch Drivers that control, monitor, and protect an insulated gate bipolar transistor (IGBT). An IGBT converts direct current into alternating current required to power buildings and equipment. IGBT’s are used in a variety of power converters. The need for IGBT Switch Drivers is increasing rapidly along with the need for efficient renewable energy processes.

Glen Gaddy, Member of Robin Hood Ventures, said, “Robin Hood Ventures is excited about the market prospects of power electronics companies like AgileSwitch and their ability to meaningfully contribute to high efficiency motor applications.”

AgileSwitch applies expertise in the electronics industry to ensure safe and reliable operation of the IGBT module. This is done by implementing circuitry that will lockout the IGBT before there is an under or over voltage. These IGBT Switch Drivers are designed to be compatible with IGBTs produced by a variety of different manufactures and can be configured to work seamlessly in many applications.

“AgileSwitch is poised to grow and create high tech employment in the South Eastern Pennsylvania region.” Mark Degrandpre, Director of Investments, BFTP. “It is great to be a part of this process.”

This project is supported by the Ben Franklin Technology Partners of Southeastern PA, an initiative of the Pennsylvania Department of Community and Economic Development funded by the Ben Franklin Technology Development Authority.

About AgileSwitch, LLC

AgileSwitch designs, develops and markets high performance IGBT drivers for industry standard power modules along with SmartPower Stacks. AgileSwitch is addressing the increasing demand of renewable, high-efficiency energy applications. IGBT Power modules are used in a variety of power converters including solar/PV inverters, wind turbine, motor drives, uninterruptable power supplies, industrial machines, hybrid electric vehicles and power distribution.

AgileSwitch Plug and Play IGBT drivers provide maximum performance and reliability for Industry Standard IGBT Power Modules with unparalleled flexibility. By using a programmable CPLD and simple changes to component values the AgileSwitch driver performance can easily be changed and optimized to provide a truly plug and play solution.

For customers short on development time SmartPower Stacks shelf solution for converting AC-DC,DC-DC,DC-AC and 3 phase motor drive.

To learn more about AgileSwitch products visit www.agileswitch.com or call 484-483-3256.

About Ben Franklin Technology Partners

Ben Franklin Technology Partners of Southeastern Pennsylvania is a national, award winning model for technology innovation, and a catalyst for Stimulating Entrepreneurial Potential. For more than 28 years, we have invested in innovative enterprises and created commercialization pathways and partnerships that generate
wealth through science and technology. We offer entrepreneurs and established businesses the Capital, Knowledge and Networks to compete in the global marketplace. We have invested more than $145 million to grow more than 1,700 regional enterprises across all areas of technology.

Ben Franklin’s programs and partnerships with universities, corporations and investors strengthen the region’s innovation infrastructure. Together with partners across the region, we are fostering the formation of a Greater Philadelphia energy cluster…Power Valley. We are the commercialization partner for the Greater Philadelphia Innovation Cluster (GPIC) national energy hub, and the founding partner of the Energy Commercialization Institute (ECI). We are founding partners of The Nanotechnology Institute (NTI), Emerald Stage2 Venture Fund, and numerous other programs and initiatives.

Ben Franklin is part of the Commonwealth of Pennsylvania’s Ben Franklin Technology Partnership.

For additional information, please visit www.sep.benfranklin.org, Facebook, LinkedIn & Twitter.

BFTP/SEP Contact:
Jaron J. Rhodes
Manager, Marketing and Communications
(215) 972-6700, ext. 3214
[email protected]

About Robin Hood Ventures

Robin Hood Ventures is a group of angel investors, focused on early-stage, high-growth companies in the Greater Philadelphia region. We help entrepreneurs build great companies, providing capital, mentoring, expertise and connections to help companies reach their potential. Robin Hood generally invests $250k to $500k, and collaborates with angels, institutions and VCs in our network. We invest as a single entity in businesses we know and understand, in a way that gets deals done. Since 1999, we have invested over $14M in over 40 companies in industries including software, medical devices, biotech, internet and financial technology.

Website: www.RobinHoodVentures.com


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