# New Factory

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-factory

- Industry: Business Support Services
- Headquarters: Tampere, Finland
- Website: www.newfactory.fi
- Latest round: Seed (Jan 6, 2020)
- Investors on record: 2

## About

New Factory Ltd. is a Finnish company specializing in semiconductor development, providing tailored support for the industry's growth through innovative technology solutions and strategic partnerships.Founded in 2009 and headquartered in Tampere, Finland, New Factory Ltd. operates as a significant player in the semiconductor sector, focusing on enhancing the Finnish chips ecosystem. CEO Ilkka Lehtinen leads the company, which has successfully completed two funding rounds, including a SEED round in January 2020, raising an undisclosed amount from returning investors HAX and SOSV.New Factory Ltd. serves as a crucial platform for the development of the Finnish semiconductor industry by coordinating the Finnish Chips Competence Centre (FiCCC). The company's primary offerings include customized support for the design and enhancement of semiconductor chips tailored to various industries, as well as facilitating integration with the European semiconductor market. Their target clientele comprises semiconductor manufacturers, technology firms, and industry stakeholders seeking advanced chip solutions.In the most recent year, New Factory Ltd. reported a revenue of USD 478,234.60, with an EBITDA of USD -51,892.60, indicating their financial performance within the semiconductor development sector.New Factory Ltd. aims to design and launch new semiconductor products in the upcoming year while targeting expansion into new European markets. In January 2020, the company raised funds that will be allocated to support these initiatives, focusing on enhancing their product offerings and expanding their reach within the semiconductor industry.

## Funding rounds

- Seed, Jan 6, 2020 — SOSV, HAX
- Seed, Oct 2, 2018 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed