Context
Founded in 2011, TactoTek, is a Finnish company focused on developing, industrializing and licensing In-Mold Structural Electronics (IMSE™).
Commercial demand for TactoTek’s solution-built IMSE™ platform is growing quickly from early market traction in Europe to strong demand in Asia and North America.
In order to expand the company’s go-to-market investments both geographically and across the automotive and consumer electronics markets TactoTek retained Bryan, Garnier & Co to consider funding alternatives.
About TactoTek
TactoTek is a leading provider of solutions for Injection Molded Structural Electronics (IMSE™) that integrate printed circuitry and electronic components into 3D injection molded plastics. Leading use cases include in-vehicle applications, home/industrial appliances, and wearable technology. TactoTek develops and industrializes IMSE™ technology, develops mass production ready IMSE™ prototypes, and licenses IMSE™ technology for 3rd party mass production. TactoTek is funded by Conor Venture Partners, Voima Ventures, Nordic Option Oy, Valeado AB, Faurecia Ventures, 3M Ventures, Cornes Technologies Limited, Repsol Energy Ventures, Plastic Omnium, Nanogate, Ascend Capital Partners, Leaguer VC, Nordea, Finnvera, ELY Center, Business Finland, various European Union’s funding programs and private angels.
Bryan, Garnier & Co acts as Sole Financial Advisor to TactoTek on EUR 23 million Series C investment
Bryan, Garnier & Co acted as the Sole Financial Advisor on the Private Placement that attracted investments from co-leads Nordic Option Oy and Valeado AB as well as global investors, business and technology leaders including 3M Ventures (US), Repsol Energy Ventures (ES) and Cornes Technologies Limited (JP).
Funding will be used to expand the company’s go-to-market investments, including bridging from IMSE™ technology capabilities to solution design for specific automotive, smart home/IoT and industrial applications.
This marks another landmark transaction for Bryan, Garnier & Co’s Technology practice and demonstrates its expertise in the smart industries sector. Other transactions include the acquisition of SmartMeUp by Magneti Marelli and private placements for Unifly, Canatu and Visedo.
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