FononTech, an Eindhoven, Netherlands-based micro-electronics manufacturing company, raised €2.3M in Seed funding.
This first round was made possible through convertible loans of the TTT Smart Industries Fund, SHIFT Invest, Brabantse Ontwikkelingsmaatschappij (BOM), the Brabant Startup Fonds (BSF) and renowned investor Sake Bosch. Rabobank has also granted a loan.
The company intends to use the funds to accelerate development of their printed micro-electronics technology and prepare for scale up.
Founded in 2022 as a spin-off of TNO at Holst Centre in Eindhoven and led by CEO Rob Hendriks, and CTO Fabien Bruning, FononTech leverages Impulse Printing technology to reduce the ecological impact of micro-electronics manufacturing. Impulse Printing™ is an additive process, copying a pattern thousands of times at very high speed, while only depositing material in required places. The international semiconductor and display market are already showing strong interest in the company’s technology.
FinSMEs
16/07/2023