Canatu completes Series E financing round

Avance advises Canatu Oy in its EUR 15 million Series E financing round. The investors in the financing round include existing investors DENSO Corporation and Faurecia Ventures as well as 3M Ventures, a major new investor. The investment enables Canatu to scale up its automotive business and mass production and to start expansion to new business and product domains.

Canatu’s solutions bring design freedom and user experience to the next level for 3D shaped touch devices and enable autonomous driving in any weather. Canatu develops and manufactures innovative 3D formable and stretchable films and sensors for touch and heater solutions. These transparent and conductive films can be integrated into plastic, glass, textile or leather enabling 3D touch displays, smart switches and other intuitive user interfaces as well as 3D shaped heater solutions. The conductive films of Canatu are manufactured with a patented method using equipment developed by Canatu.