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.
CEO Rob Hendriks says, “We expect the market for micro-electronics assembly to double to around €78B in the coming five years. We are delighted with our investors’ faith in us that we will win a big share of this.”
FononTech: Impulse printing
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.
With Impulse Printing technology, micro-electronics manufacturing can be reduced by a factor of 1000.
Hendriks says “Our ambition is to become the global market leader in sustainable assembly and manufacturing of micro-electronics. This means scaling up as quickly as possible, with this investment being a big help on our journey.”
Read the orginal article: https://siliconcanals.com/news/startups/dutch-deep-tech-fonontech-2-3m/
