TactoTek secures $60M in funding led by Virala Group

"This investment marks a significant milestone for TactoTek," said Jussi Harvela, CEO of TactoTek. "Our collaborations with industry leaders such as Kyocera, Gentex, Polestar, Valeo, LS 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 decarbonise 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.” 

Pioneering the future of electronics

TactoTek develops and validates IMSE technology that is taken to market by a global network of licensees. IMSE solutions integrate electronic functions – such as lighting, touch controls, and antennas – within 3D injection-moulded structures. This approach results in lightweight, thin, and durable smart surfaces that provide greater design freedom and sustainability than traditional electronics in practically any industrial vertical, including medical, consumer products, defence, automotive, and aerospace.

TactoTek is continuously pushing IMSE technology innovation and supports industry standardisation. The company has an intellectual property portfolio exceeding 280 granted patents in 48 patent families.

Expanding into key industries

• Automotive: enhancing vehicle interiors with integrated control panels, ambient lighting, and smart surfaces that reduce weight and assembly complexity;
• Consumer electronics: enabling sleek, functional designs with embedded touch controls and illuminated branding features in devices like audio equipment and wearables;
• Home appliances: offering seamless user interfaces and smart functionality integrated directly into appliance surfaces;
• Industrial applications: providing durable, efficient solutions for control systems and interfaces in challenging environments;
• Defence: developing ruggedised electronic components that meet stringent military standards for performance and reliability;
• Medical: seamless, elegant consumer medical product designs that are easily sterilised;
• Aerospace: thin, light weight passenger controls and lighting.

Large scale investment in finnish deep tech

"This $60 million funding round is among the largest private financings in the Finnish and European deep tech space during 2024 and the family controlled Virala Group was honoured to lead the round with a significant investment," said Anders Dahlblom, incoming Chairman of TactoTek, and COO of Virala Group. “Our investment reflects the market traction of TactoTek’s IMSE technology across multiple industries, including the defence sector, and its secure, highly-protected, intellectual property foundation. TactoTek and their IMSE technology are poised for rapid growth.”

Fulfilling customer needs and improving sustainability

“In today’s business climate growing businesses that succeed over time must combine capability to meet market needs, with strong environmental performance,” stated Kari Lehtonen, Portfolio Manager at Elo Mutual Pension Insurance Company. “TactoTek is delivering on both of these dimensions:  TactoTek has identified compelling solutions spanning different markets; and IMSE solutions are produced using clean, additive processes and can reduce carbon emissions significantly relative to conventional electronics.”

Advisors

TactoTek was advised by MP Corporate Finance on financial matters and Bird & Bird on legal aspects during the funding round.