Canatu raises USD 12 million from Troika Ventures, Inventure, Infosto and Tekes

Avance acts as lead counsel to Canatu Oy, a leading nanotechnology company commercializing carbon nanomaterial thin films for the electronics, optics and energy sectors, in its USD 12 million investment round led by Troika Ventures, Inventure, Infosto and Tekes. This was Canatu’s third investment round since 2007.

n operation since 2008, Canatu is a spin-off from the Aalto University. Canatu’s business is the production and sales of a new class of versatile nanomaterial based films and components. Canatu has developed a novel form of carbon, namely NanoBud®, and a new way to directly produce high value components on any substrate from this material by Direct Dry Printing®. These technologies enable roll-to-roll manufacturing of 3D formed, bendable and flexible touch sensors for numerous applications.