FononTech recently announced it has landed €2.3 million in a seed investment round. Five investors participated in this round. This first investment round was made possible through convertible loans of the 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.
Micro-electronic parts have become smaller and smaller and are placed closer together, often in complex and layered structures. And electronically connecting these parts is more and more challenging, and increased miniaturization and integrated electronics demand better performance and greater functionality.
With Impulse Printing technology, the ecological impact of microelectronics manufacturing could be reduced by 1000. Lithography is often used to connect chips electronically. And today’s lithography-based processes consist of many complex steps with high carbon emission rates that are difficult to reduce.
Impulse Printing is an additive process, copying a pattern thousands of times at very high speed while only depositing material in required places. And the international semiconductor and display market is already showing strong interest in FononTech’s technology.
FononTech will use the funds to develop its printed micro-electronics technology further and prepare for scale-up. FononTech launched in 2022 as a spin-off of TNO at Holst Centre in Eindhoven.
KEY QUOTES:
“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.”
“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.”
— CEO Rob Hendriks
“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.”
— CTO Fabien Bruning
