Avance advises Canatu Oy in its recent Series D investment round, in which both new and existing investors provided the company with an aggregate of EUR 12 million in additional funding. The new funding by Ascend Capital Partners, Denso Corporation and Faurecia Ventures will enable Canatu to respond to solid market demand and to invest in R&D and manufacturing expansion.
Canatu started operations in 2008 as a spin-off from the Aalto University. Canatu’s founding partners – leading senior materials, characterization and aerosol technology scientists – developed and invented a new carbon nanomaterial, the Carbon NanoBud® (CNB), which is a hybrid of carbon nanotubes and fullerenes. They also invented a novel CNB thin film manufacturing technology, Direct Dry Printing® (DDP). These technologies enable roll-to-roll manufacturing of 3D formed, bendable and flexible touch sensors for numerous applications. Canatu started mass production deliveries in 2015.