TactoTek, a technology company based in Oulu, has secured $60 million in a fresh funding round led by Nidoco AB. The round also includes contributions from Cornes Technologies Limited, Elo Mutual Pension Insurance Company, and a number of other investors. The company shared the news on its Linkedin page.

About TactoTek

  • TactoTek is a company specializing in In-Mold Structural Electronics (IMSE®), a technology that embeds electronic components like circuits, touch sensors, antennas, and LEDs directly into molded plastic structures. This approach creates smart, interactive surfaces that are lightweight, thin, and customizable.

  • IMSE technology is used to make products more efficient and sustainable by integrating electronics into a single structure, reducing the need for multiple components. 

  • By reducing product weight and simplifying manufacturing, IMSE offers a more sustainable alternative to traditional electronics, aligning with broader industry efforts to decarbonize.

Investment details

Nidoco AB, part of Virala Oy Ab, is the lead investor during this financing. Nidoco AB is a Swedish investment company based in Stockholm. Established in 1965, it operates as a venture capital firm that invests in a diverse range of industries, including renewable energy, financial software, textiles, and utilities.

The round also involved various investors, including Cornes Technologies, Elo Mutual Pension Insurance Company, European Investment Bank, Finnish Industry Investment Ltd, 3M Ventures, Ingman Group, VTT Technical Research Centre of Finland, Conor Venture Partners, and private investors.

‘’Automotive, Yanfeng, and most German Premium Automotive OEMs, validate the transformative potential of our IMSE technology. IMSE is being used to improve products and concurrently decarbonize manufacturing at scale across multiple industries. With this funding TactoTek will accelerate the adoption of IMSE globally by expanding customer-facing operations and streamlining IMSE solution design by augmenting our software-based delivery system with AI elements and plug-ins for CAD and simulation packages,” said Jussi Harvela, CEO of TactoTek. 

The funding will support TactoTek’s global customer operations expansion. It will also help with enhancing software tools with AI capabilities, and advancing adoption across automotive, medical, defense, and consumer electronics sectors.