Denso et al. in €15m round for Canatu

New investor 3M Ventures and existing investor Faurecia also participated in the round.

The company received €10m from Denso Corporation, €3m from 3M Ventures and €2m of additional funding from Faurecia.

In addition to the investment, the company has signed a licensing agreement with Denso.

Previous funding
In 2010, Inventure led a €4.7m financing round with support from Tekes and previous investor Infosto.

In 2013, Troika Ventures led a growth capital transaction of $12m along with existing investors, including Inventure, Infosto Group and Tekes.

In 2017, Denso led a €15m funding round for Canatu, with participation from Ascend Capital Partners and existing investor Faurecia.

Company
Founded in 2004 and headquartered in Helsinki, Canatu is a developer and manufacturer of 3D formable and stretchable films and touch sensors. These transparent and conductive films can be integrated into plastic, glass, textile or leather, enabling 3D touch displays, smart switches and other user interfaces.

Sales of Canatu's commercial applications and mass production started in 2015. Today the company exports products to Europe, Japan, South Korea, China and the US.

People
Canatu –  Juha Kokkonen (CEO).
Denso Corporation – Hirotsugu Takeuchi (head of mobility electronics business group).
Faurecia – David Weill (M&A vice-president).

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