# Canatu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canatu

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.canatu.com
- Total disclosed funding: $21M
- Latest round: Series E (Oct 31, 2019)
- Investors on record: 6

## About

Canatu Oy is a Finnish company specializing in advanced carbon nanotube (CNT) technologies, focusing on innovative products for the semiconductor and automotive industries.Founded in 2004 and headquartered in Helsinki, Finland, Canatu Oy develops carbon nanotube solutions. The company has undergone strategic pivots to enhance its product offerings in response to market needs. Juha Kokkonen currently leads the company as CEO. In its latest funding round on October 29, 2022, Canatu raised EUR 18 million led by 3M Ventures, with participation from other investors. This funding brings the total amount raised by the company to EUR 18 million.Canatu specializes in developing and manufacturing advanced carbon nanotubes (CNT), essential for numerous products in the semiconductor and automotive sectors. Their offerings include transparent conductive films, membrane materials, film heaters for advanced driver-assistance systems (ADAS), and sensors for medical diagnostics. These products enhance device functionality and provide reliable solutions in various applications.In the most recent year, Canatu reported revenue of EUR 14,710,297.60 and an EBITDA of EUR 78,995.30. Their revenue model relies on B2B transactions with manufacturers in the semiconductor and automotive industries, fostering long-term partnerships for consistent supply and integration of their CNT products into client operations.Following the EUR 18 million funding round on October 29, 2022, Canatu aims to accelerate its growth within the semiconductor and automotive sectors. The funds will support the expansion of automated manufacturing lines in Finland and facilitate the introduction of new products designed for these markets. Canatu is also exploring opportunities to enter additional geographic regions, enhancing its presence and market share.

## Funding rounds

- Series E, Oct 31, 2019, $17M — Faurecia, 3M Ventures, Denso
- Series A, Sep 30, 2010, $4.7M — Inventure, Tekes Venture Capital, InfostoLtd.

## Investors

- Inventure (https://capitalatlas.ai/funds/inventure) — Series A
- Tekes Venture Capital — Series A
- InfostoLtd. — Series A
- Faurecia — Series E
- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series E
- Denso — Series E