What is TactoTek?
Founded in 2011, TactoTek is at the forefront of revolutionizing product design and manufacturing through its proprietary IMSE technology. This innovative approach allows for the seamless integration and encapsulation of printed electronics and standard electronic components directly within 3D injection-molded plastics. This capability enables the creation of thinner, lighter, and more durable electronic devices, opening new design possibilities for a wide range of industries, including automotive, home appliances, and wearables. The company's technology addresses the growing demand for sophisticated, integrated electronic functionalities in everyday products.
How much funding has TactoTek raised?
TactoTek has raised a total of $153M across 7 funding rounds:
Private Equity
$20M
Series B
$23M
Series C
$25.2M
Multiple Rounds
$24.8M
Other Financing Round
$60M
Private Equity (2017): $20M with participation from Faurecia
Series B (2018): $23M led by Nanogate, Ascend Capital Partners, Plastic Omnium, Nordic Venture Funds, and Faurecia Ventures
Series C (2020): $25.2M supported by 3M Ventures, Valeado AB, Repsol Energy Ventures, Nordic Option Oy, and Cornes Technologies
Grant (2021): $16.9M featuring European Investment Bank
Other Financing Round (2021): $4.5M backed by Tesi and Conor Venture Partners
Grant (2021): $3.4M, investors not publicly disclosed
Other Financing Round (2024): $60M led by Ingman Group Oy, Nidoco, Cornes Technologies, Conor Venture Partners, 3m Ventures, Finnish Industry Investment, Turret Oy, European Investment Bank, and VTT Technical Research Centre of Finland
Key Investors in TactoTek
Ingman Group Oy
Ingman Group Oy is a Finnish diversified corporation with a focus on long-term value creation through industrial and financial expertise, primarily operating in Finland and its neighboring regions.
Conor Venture Partners
Conor Venture Partners is a venture capital firm specializing in early-stage technology investments, particularly in emerging global winners from the Nordics and Baltics, covering software, enabling technologies, and connected hardware.
3m Ventures
3M Ventures LLC is an entity operating within the Information & Document Management sector, likely focused on strategic investments in innovative technologies and solutions aligned with 3M's broader industrial and consumer product portfolios.
What's next for TactoTek?
The recent major strategic investment, coupled with the substantial total funding TactoTek has garnered, positions the company for accelerated scaling and market penetration. This enterprise-level financing suggests a transition into a growth or expansion stage, likely enabling TactoTek to enhance its production capabilities, expand its global reach, and further invest in research and development to maintain its technological edge. The strategic nature of the latest funding round indicates strong confidence from investors in TactoTek's long-term vision and its potential to disrupt traditional electronics manufacturing.
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