Dutch deep-tech startup FononTech raises €2.3M to advance micro-electronic parts printing technology
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.