Nordic Option, Valeado in €23m series-C for TactoTek

The round also saw participation from institutional and strategic investors, including 3M Ventures, Cornes Technologies and Repsol Energy Ventures.

Bryan Garnier & Co acted as an adviser on the private placement.

The fresh capital will be used to expand the company's go-to-market investments, including bridging from smart moulding structure technology capabilities to design for specific automotive, smart-home and industrial applications.

Previous funding
In February 2012, Conor Venture Partners and VTT Ventures led an undisclosed seed financing round for TactoTek. Subsequently, the company received a €2.5m grant from the EU's Horizon 2020 programme in 2016.

In 2018, Ascend Capital Partners backed TactoTek in a $23m series-B funding round, along with other strategic investors Nanogate and Plastic Omnium. Previous investors, including Conor Venture Partners and global automotive interiors manufacturer Faurecia, also participated in the round.

Company
Founded in 2011, TactoTek focuses on developing low-cost touch panels for electronics applications. The company is based in Oulo. It employs 88 people, according to LinkedIn.

People
TactoTek – Jussi Harvela (CEO).
Valeado – Alexander Ehrnrooth (chairman).

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• Topics
• Nordics
• Industrials
• Expansion
• Finland
• Venture