Limata Raises €750K in Start Up Financing
http://s7.addthis.com/static/r07/sh18.html#Limata GmbH, a Munich, Germany-based start up which has developed an innovative technology to manufacture printed circuit boards, has raised €750,000 in equity financing.
Investors in the round include High-Tech Gründerfonds, BayernKapital, Falk-Strascheg Holding and an undisclosed business angel.
The new capital will enable the company to launch an innovative industrial precision machine for UV lithography of circuit printed boards. In particular, the investment is intended to develop the technology and equipment further as well as to achieve market entry.
The device executes the process of structuring the printed circuit board by illuminating the photoresist-coated carrier material. The equipment is ideal for manufacturing rigid, semi-flexible and flexible interconnect devices as used in all electronic components such as control systems. In 2009, Limata was sponsored by the German Federal Ministry of Economics and Technology within the framework of a seed programme.