Deep-tech startup FononTech has received €2.3 million in a seed investment round. Five investors are participating. The funds will be used to further develop the printed microelectronics technology and prepare for expansion.
CEO Rob Hendriks stated: “We expect the market for micro-electronics assembly to double to around €78 billion in the coming five years. We are delighted with our investor’s faith in us that we will win a big share of this.”
The challenge for FononTech is the increasing miniaturization of microelectronics, which requires higher performance and greater functionality.
CTO Fabien Bruning: “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 that will work on their first industrial R&D system: the Impulse Beta Tool.
FononTech’s technology can reduce the environmental impact of microelectronics manufacturing by a factor of 1000. It is an additive process in which material is deposited only where needed.
Hendriks: “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.”
The investors in this round were TTT Smart Industries Fund, SHIFT Invest, Brabantse Ontwikkelingsmaatschappij (BOM), Brabant Startup Fonds (BSF) and renowned investor Sake Bosch. Rabobank also granted a loan.
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