{"id":5430,"date":"2016-09-07T10:07:00","date_gmt":"2016-09-07T07:07:00","guid":{"rendered":"https:\/\/canatu.com\/?p=5430"},"modified":"2025-10-03T07:44:34","modified_gmt":"2025-10-03T04:44:34","slug":"canatu-receives-22-million-eur-funding-to-strengthen-rd-and-increase-production-capacity","status":"publish","type":"post","link":"https:\/\/canatu.com\/company\/carbon-age-news\/canatu-receives-22-million-eur-funding-to-strengthen-rd-and-increase-production-capacity\/","title":{"rendered":"Canatu receives 22 million EUR funding to strengthen R&D and increase production capacity"},"content":{"rendered":"\n

Canatu Oy has received 22 million euros late stage funding via a series of investments of 10 million EUR and a loan of 12 million EUR from the European Investment Bank. This investment is one of the largest investments in a Finnish startup. The funding will enable Canatu to respond to solid market demand and to invest heavily in R&D and manufacturing expansion. Plans also include the construction of a new, larger factory. Canatu is committed to supporting the Finnish economy with its expansion plans. The company currently employs 40 people worldwide and its headquarters and production facilities are located in Helsinki, Finland. The company expects to double its employee headcount and has already started an aggressive recruitment campaign.<\/p>\n\n\n\n

Canatu started operations in 2008 as a spin-off from the Helsinki University of Technology (now Aalto University). Canatu\u2019s founding partners \u2013 leading senior materials, characterization and aerosol technology scientists \u2013 developed and invented a new carbon nanomaterial, Canatu CNT<\/a>, which is a hybrid of carbon nanotubes and fullerenes. They also invented a novel CNT thin film manufacturing technology<\/a>, Direct Dry Printing\u00ae (DDP). <\/p>\n\n\n\n

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\u201cI have had the great pleasure to see the company evolve from a research lab to entering the market and beginning commercial manufacturing. Canatu is an exemplary success story in the field of nanotechnology.\u201d <\/p>\nCanatu board member and co-founder, Aalto University Professor Esko Kauppinen<\/a><\/cite><\/blockquote>\n\n\n\n

In 2012, Canatu was the first in the world to demonstrate roll-to-roll manufacturing of carbon nanomaterials directly on substrate using its DDP machine. Canatu started mass production deliveries in 2015<\/a>. After more than a year in series production for a demanding automotive customer, without any field returns and with an excellent quality record, Canatu is ready to take the next steps to expand its capacity for leading edge products targeted at innovative consumer electronics brands and leading automotive companies.<\/p>\n\n\n\n

Canatu manufactures flexible, bendable and 3D formable thin films<\/a> and touch sensors<\/a>. Canatu is a technology leader in its market. Canatu\u2019s competitive edge is the extreme flexibility of its products, an unmatched characteristics<\/a> compared to other materials. Canatu\u2019s CNT material bends, folds and stretches without losing conductivity. Combined with next generation flexible displays, Canatu\u2019s products offer consumer electronics companies and automotive designers an unprecedented opportunity to enhance their products and consumer experiences. The Finnish company is pioneering the flexible display touch market, which is estimated to grow exponentially in the coming years.<\/p>\n\n\n\n

Canatu\u2019s customers are leading consumer electronics and automotive brands and their Tier 1 suppliers. Canatu\u2019s products are found in a range of flexible devices such as wearables, wrist computers, smart watches, smart cards, foldable tablets, and in curved and 3D shaped touch surfaces in automotive<\/a> center consoles and game controllers.<\/p>\n\n\n\n

The investment comes from a range of new and existing investors such as Inventure and Infosto Group. The latest significant investor is a major global automotive company. <\/p>\n\n\n\n

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\u201cInventure has been behind Canatu since 2010. We have followed Canatu every step of the way and are extremely excited with the multiple, exciting and innovative projects it is currently involved in with industry-leading brands. Canatu\u2019s technology is now steps ahead of its peers\u201d<\/p>\nManaging Director of Inventure and Chairman of the Board at Canatu, Sami Lampinen<\/a><\/cite><\/blockquote>\n\n\n\n\n

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Contact <\/h2>\n
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Mari Makkonen<\/div>\n
VP, IR, Communications and Marketing<\/div>\n mari.makkonen@canatu.com<\/a>\n +358 504 422 343<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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Send us a message and we’ll get back to you soon. <\/h3>\n