Sweden, FlatFrog Laboratories raises €12.5M in Equity Funding

FlatFrog Laboratories AB, a Lund, Sweden-based developer and manufacturer of optics-based multi-touch kits and subsystems, has raised €12.5m (approximately $18m) in equity financing.
This investment round was co-led by Invus, an international equity investor, and Promethean, a world leader in the rapidly growing global market for interactive learning technologies.
They join existing financial investor Sunstone Capital.
The funds will be used to commercialize the company’s product line of large high-performance, multi-touch in-glass displays. These systems will initially target the education, gaming, hospitality and digital signage markets. At the same time, FlatFrog is accelerating the development of high-performance optics-based multi-touch kits and subsystems designed for smaller form-factor, high-volume consumer electronics products such as all-in-one computers, notebooks and tablet/slate devices.
Commenting on the funding, Christer Fåhraeus, Executive Chairman and founder of FlatFrog, was reported to say: “We will use this funding to keep fueling technology innovations in Hands-on computing, providing leading OEM brands with new product platforms and supporting ISVs to develop new applications”.  

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