TactoTek Funding, Investors & Competitors

TactoTek has raised $150M across 8 funding rounds, most recently a $5M strategic investment round in January 2025.

Last TactoTek funding round

$5M

Strategic investment · Jan 2025

Cumulative funding TactoTek raised

$150M

across 8 funding rounds

Key investors in TactoTek

  • Conor Venture Partners
  • VTT Ventures
  • Business Finland
  • Finnvera Venture Capital
  • Leaguer Venture Capital
  • FORVIA
  • Centre for Economic Development, Transport and the Environment
  • Tesi

TactoTek Overview

About TactoTek

TactoTek is an Oulu, Finland-headquartered licensor of injection-molded structural electronics technologies. The company's IMSE platform embeds circuits into 3D plastic parts for automotive interiors, home appliances, and medical devices. With over 280 patents, TactoTek partners with Faurecia and Valeo to produce curved smart surfaces using standard injection molding processes.


Founded

2011

HQ

FinlandOulu

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

TactoTek Funding History

TactoTek has raised a total of $150M across 8 funding rounds.

TactoTek's first fundraising round was a $3M seed round in June 2013. The most recent completed round was a $5M strategic investment round in January 2025.

TactoTek funding rounds

TactoTek funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2025Strategic investmentKyocera (lead)$5MTactoTek, a Finnish company based in Oulu, is the global leader in In-Mold Structural Electronics (IMSE) technology. The company develops and licenses IMSE technology to an ecosystem of partners including designers, manufacturers, integrators, and OEMs who integrate IMSE into their products. IMSE applications span automotive, aviation, connected home, industrial control, and medical devices, with particular emphasis on user interfaces and lighting solutions. On January 9, 2025, TactoTek closed a funding transaction with Japanese corporation Kyocera, which invested €5 million as part of the company's current funding round. This investment represented Kyocera's entry as a strategic investor in TactoTek. Beyond the capital investment, the two companies formed a strategic partnership focused on advancing Kyocera's HAPTIVITY haptics platform by integrating Kyocera's piezoceramic actuators within IMSE parts to create the next-generation HAPTIVITY i solution. TactoTek's IMSE technology has attracted significant interest from major industry partners. The company collaborated with industry leaders including Gentex, Polestar, Valeo, LS Automotive, Yanfeng, and several German premium automotive OEMs. According to CEO Jussi Harvela, these collaborations validate the transformative potential of IMSE technology, which is being deployed to improve products while decarbonizing manufacturing at scale across multiple industries.
Nov 2024Undisclosed stageNidoco (lead); 3M New Ventures; Ingman Group; Turret Oy; VTT Technical Research Centre of Finland; Tesi; Cornes Technology; European Investment Bank; Elo; Conor Venture Partners$60MTactoTek, a Finland-based company founded in 2011 and headquartered in Oulu, develops and licenses In-Mold Structural Electronics (IMSE) technology, which integrates electronic functions like lighting and touch controls into 3D injection-moulded structures, creating lightweight, durable smart surfaces for automotive, medical, defense, consumer electronics, aviation, and home automation sectors. IMSE enables decarbonization by using 70% less plastics and generating 35% less greenhouse gases compared to conventional assemblies, with applications validated by automotive OEMs, Yanfeng, and German premium brands. On November 19, 2024, TactoTek closed a Series D funding round raising $60 million (approximately €57 million), led by Nidoco AB (part of Virala Group), with participation from 3M New Ventures, Conor Venture Partners, Cornes Technologies, Elo Mutual Pension Insurance, European Investment Bank, Ingman Group, Tesi (Finnish Industry Investment), Turret Oy, VTT Technical Research Centre of Finland, and others. This brings total funding raised to $98.86 million across 13 rounds. The funds will accelerate global adoption of IMSE by expanding customer-facing operations, enhancing software tools with AI for design streamlining, and integrating plug-ins for CAD and simulation packages. CEO Jussi Harvela emphasized the technology's transformative potential across industries, while incoming chairperson Anders Dahlblom highlighted market traction, IP strength, and growth prospects, including in defense. Investors reflect strategic interest from financial and industrial players, with Nidoco as lead. Prior funding includes a 2021 €22 million package with €15 million from European Guarantee Fund (first recipient), €4 million venture bridge led by Conor Venture Partners, and €3 million government grants/loans.
Sep 2021Undisclosed stage-$26MTactoTek is a Finland-based company specializing in Injection Molded Structural Electronics (IMSE) technology, which combines structural, electronic, and cosmetic functions into single-piece smart surfaces. The IMSE technology is lighter and thinner than conventional electronics assemblies, using 70% less plastic and generating 35% less greenhouse gas equivalent than conventional approaches, with applications in automotive control panels, functional illumination, home appliances, and smart building markets. On September 21, 2021, TactoTek announced completion of a €22 million funding round comprising multiple components: €15 million in venture debt from the European Guarantee Fund (EGF), a pan-European program administered by the European Investment Bank to support small and medium-sized businesses during COVID-19 uncertainty; €4 million of Venture Bridge financing led by Conor Venture Partners with participation from Tesi; and €3 million in government-backed grants and loans. TactoTek was notably the first company to receive EGF investment. The company reported strong market traction with customers including global leaders in automotive, consumer/industrial brands, and their suppliers licensing the IMSE technology, though specific revenue figures were not disclosed in the announcement.
Feb 2020Series CNordic Option (lead); Valeado$25MTactoTek is a Finland-based company founded in 2011 that develops, industrializes, and licenses in-mold structural electronics (IMSE) technology for smart surface solutions, with leading use cases in in-vehicle applications, home/industrial appliances, and wearable technology. The company adapts customer designs to IMSE technology, develops mass production-ready prototypes, and mass produces or licenses the technology for third-party production. It operates a product development and factory in Oulu, Finland, with offices in Japan, Germany, Korea, France, and the United States. On February 6, 2020, TactoTek closed a €23 million ($25 million) Series C equity financing round co-led by Nordic Option Oy and Valeado AB, with participation from 3M Ventures, Cornes Technologies Limited, and Repsol Energy Ventures. Bryan, Garnier & Co acted as the exclusive advisor on the private placement. Prior to this round, the company had raised about $45 million in equity funding, with the last round announced in 2018. The proceeds were intended to expand go-to-market investments, bridging IMSE technology capabilities to solution design for automotive, smart home/IoT, and industrial applications, including hiring in Central Europe and Asia. TactoTek's licensing business model has gained global traction, particularly as designers prioritize sustainability and next-generation user experiences in automotive and other markets. Investors highlighted the company's demonstrated market success and growth potential. The company is backed by a range of venture partners including Conor Venture Partners and Voima Ventures, along with strategic investors and public funding sources like Business Finland. Subsequent developments include a $60 million funding round in November 2024 led by Nidoco AB (part of Virala Group), attracting investors like European Investment Bank and others, reflecting ongoing market traction in automotive with partners such as Polestar and Valeo, and expansion into defense.
Feb 2018Series BAscend Capital Partners (lead); FORVIA; Plastic Omnium; Nanogate; Conor Venture Partners$15M-
Feb 2017Series AFORVIA; Horizon 2020; VTT Ventures; Conor Venture Partners; Leaguer Venture Capital$9M-
Feb 2015Series AFinnvera Venture Capital; Nordea Bank; VTT Ventures; Centre for Economic Development, Transport and the Environment; Business Finland; Conor Venture Partners; Leaguer Venture Capital$7MTactoTek raised $7 million in a venture funding round on February 28, 2015. The investors included Business Finland, Centre for Economic Development, Transport and the Environment, Conor Venture Partners, Finnvera Venture Capital, Leaguer Venture Capital, Nordea Bank, and VTT Ventures. TactoTek develops injection molded structural electronics (IMSE) solutions targeted at automotive interiors, wearable devices, and home appliances.
Jun 2013SeedFinnvera Venture Capital; VTT Ventures; Centre for Economic Development, Transport and the Environment; Business Finland; Conor Venture Partners$3M-

Who has invested in TactoTek?

24 investors have backed TactoTek across its funding rounds, including Conor Venture Partners, VTT Ventures, Business Finland, Finnvera Venture Capital, Leaguer Venture Capital and FORVIA.

Lead investors include Kyocera, Nidoco, Nordic Option and Ascend Capital Partners.


TactoTek Investors

Investors in TactoTek by funding rounds participated
InvestorHQRoundsRoleFirst check
Conor Venture PartnersFinlandEspoo5ParticipantJun 2013
VTT VenturesFinlandEspoo3ParticipantJun 2013
FORVIAFranceParis2ParticipantFeb 2017
Finnvera Venture CapitalFinlandKuopio2ParticipantJun 2013
Centre for Economic Development, Transport and the EnvironmentFinlandJoensuu2ParticipantJun 2013
Business FinlandFinlandHelsinki2ParticipantJun 2013
Leaguer Venture CapitalChinaShenzhen2ParticipantFeb 2015
3M New VenturesUnited StatesUnited States1ParticipantNov 2024
ValeadoSwedenStockholm1ParticipantFeb 2020
Ingman GroupFinlandHelsinki1ParticipantNov 2024
Turret OyFinlandUusimaa1ParticipantNov 2024
Nordea BankFinlandHelsinki1ParticipantFeb 2015
VTT Technical Research Centre of FinlandFinlandEspoo1ParticipantNov 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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TactoTek Competitors

TactoTek competitors include listed companies like Adobe, Synopsys and Celestica, and private ones like Canva, Webflow and Lucid Software.

Public and private companies comparable to TactoTek
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AdobeUnited StatesUnited StatesPublicly listed$24B$9.3B$99B3.8x
SynopsysUnited StatesUnited StatesPublicly listed$7.1B$2.2B$74B8.6x
CanvaAustraliaSydneyPrivate$3.3B-$42B12.7x
CelesticaCanadaCanadaPublicly listed$12B$1.2B$42B2.3x
WebflowUnited StatesSan Francisco, CAPrivate$100M-$4B40.0x
Lucid SoftwareUnited StatesSalt Lake City, UTPrivate$200M-$3B15.0x

TactoTek Public Comps

TactoTek is still privately-owned, but its public comps include NVIDIA, Apple, TSMC, Broadcom, Samsung, Micron, SK Hynix, AMD, ASML and Intel.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NVIDIA$216B$142B24.7x15.8x37.6x24.1x
Apple$416B$144B11.8x10.4x34.1x29.3x
TSMC$120B$83B16.1x12.3x23.3x16.8x
Broadcom$64B$34B27.3x17.2x50.7x25.4x
Samsung$241B$67B4.5x2.5x16.3x4.5x
Micron$37B$18B30.2x8.3x62.7x10.0x
SK Hynix$70B$47B12.9x4.5x19.3x5.6x
AMD$35B$7.1B26.1x19.5x128.2x77.6x

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Common questions about TactoTek

When was TactoTek founded?TactoTek was founded in 2011.
Where is TactoTek headquartered?TactoTek is headquartered in Oulu, Finland.
Is TactoTek publicly listed?No, TactoTek is a private, VC-backed company.
How much funding has TactoTek raised?TactoTek has raised $150M across 8 funding rounds.
What was TactoTek's last funding round?TactoTek's last funding round was a $5M strategic investment round in January 2025, led by Kyocera.
Who are TactoTek's investors?TactoTek's investors include Conor Venture Partners, VTT Ventures, FORVIA, Finnvera Venture Capital, Centre for Economic Development, Transport and the Environment, Business Finland, Leaguer Venture Capital, 3M New Ventures, Valeado, Ingman Group and 14 others.
Which companies are comparable to TactoTek?Companies comparable to TactoTek include Adobe, Synopsys, Canva, Celestica, Webflow and Lucid Software.

See companies similar to TactoTek

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