What is TactoTek?
Headquartered in Oulu, Finland, TactoTek specializes in the development and licensing of IMSE technology. By encapsulating printed circuitry and electronic components within durable, 3D-molded plastic structures, the company enables the creation of lightweight, space-efficient, and aesthetically versatile electronic interfaces. This innovation is particularly disruptive for the automotive industry, where the demand for integrated, smart surfaces is rapidly increasing. TactoTek operates at the intersection of material science and electronics, positioning itself as a key enabler for the next generation of human-machine interfaces (HMI) and smart structural components.
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 Plastic Omnium, Faurecia Ventures, Ascend Capital Partners, Nanogate, and Nordic Venture Funds
Series C (2020): $25.2M supported by Valeado AB, Repsol Energy Ventures, Cornes Technologies, Nordic Option Oy, and 3M Ventures
Grant (2021): $3.4M, investors not publicly disclosed
Grant (2021): $16.9M backed by European Investment Bank
Other Financing Round (2021): $4.5M with participation from Tesi and Conor Venture Partners
Other Financing Round (2024): $60M led by Finnish Industry Investment, Nidoco, Cornes Technologies, Ingman Group Oy, VTT Technical Research Centre of Finland, 3m Ventures, Turret Oy, Conor Venture Partners, and European Investment Bank
Key Investors in TactoTek
Finnish Industry Investment
Tesi is a state-owned, market-driven investment company that focuses on helping Finland's most promising companies grow by investing in venture capital and private equity funds, as well as directly in growing Finnish businesses.
Nidoco
Nidoco AB is a Swedish investment company based in Stockholm, focused on creating long-term value through active ownership in both public and private companies.
Cornes Technologies
Cornes Technologies is a specialized trading company dealing in advanced technologies including RF communications, imaging, sensors, and industrial packaging for automotive and aerospace sectors.
What's next for TactoTek?
With the recent influx of capital, TactoTek is well-positioned to scale its global operations and deepen its market penetration. The strategic focus will likely shift toward optimizing high-volume production processes and expanding its licensing ecosystem to meet the rigorous demands of global automotive OEMs. By leveraging its strong network of industrial backers and institutional partners, the company aims to solidify its leadership in the smart surface market, driving further adoption of IMSE technology as a standard for sustainable and functional design in modern manufacturing.
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