Eindhoven-based deep-tech startup FononTech announced on Tuesday that it has secured €2.3M in a seed round of funding.
The investment came as a convertible loan from 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 Dutch startup says it will use the funds to develop its printed micro-electronics technology further and prepare for the scale-up phase.
Founded in 2022 as a spin-off of TNO at Holst Centre in Eindhoven, FononTech focuses on impulse printing, a technology to print small electronic circuits for electronic devices.
Typically, lithography is often used to electronically connect chips.
However, today’s lithography-based processes consist of many complex steps with high carbon emission rates that are difficult to reduce.
CTO Fabien Bruning says, “Traditional manufacturing techniques are stretched to the limit. Our Impulse Printing™ Technology solution will push through this limit.”
FononTech is already busy creating a team of engineers to work on their first industrial R&D system: the Impulse Beta Tool.
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