# TactoTek

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

- Industry: Electronics
- Headquarters: Oulu, Finland
- Website: www.tactotek.com
- Total disclosed funding: $42M
- Latest round: Series C (Feb 6, 2020)
- Investors on record: 12

## About

Based in Finland, TactoTek Oy specializes in developing injection-molded technology that integrates into user interfaces, creating innovative, sustainable solutions for various industries such as automotive and smart home. Founded in 2011 in Oulu, Finland, TactoTek Oy focuses on the production of smart molded structures. The company has completed a total of 13 deals and raised EUR 62 million in its latest funding round from Kyocera Corporation on January 9, 2025. The CEO is Jussi Harvela, and the company was established with a vision to revolutionize user interaction through integrated technology. TactoTek specializes in the development and manufacturing of smart molded structures that integrate technology into user interfaces. Their core offerings focus on creating sustainable, interactive surfaces that transform conventional designs into intelligent and engaging experiences. These products aim to solve challenges in human-machine interaction by seamlessly blending technology with natural user experiences, enhancing usability and aesthetics. TactoTek serves a diverse client base across various industries, including automotive, aviation, and smart home sectors, with a strong emphasis on meeting sustainability goals. Their products are marketed in multiple geographical regions, notably North America, Europe, and Asia, catering to clients looking for innovative solutions that reduce waste and streamline manufacturing processes. In 2022, TactoTek reported a revenue of EUR 1,033,001 with an EBITDA of EUR -9,416,044. The company's revenue model primarily revolves around B2B transactions, supplying their smart molded structures to clients in various sectors. The company engages in partnerships and collaborations with manufacturers and product designers, facilitating the integration of their technologies into final consumer products. Transactions typically involve customized solutions tailored to meet specific client needs, generating revenue through direct sales and long-term contracts. While specific pricing plans for their flagship offerings, including their trademarked Smart Surface™ technology, are not disclosed, it is understood that pricing aligns with the complexity and scale of the projects undertaken. TactoTek plans to leverage its recent funding of EUR 62 million to enhance product development and explore new markets. The company is focusing on designing new products that will be launched in the coming years and aims to expand its footprint in Asia and North America by 2025. The funds raised will support the scaling of their operations and the development of additional innovative solutions to meet market demands.

## Funding rounds

- Series C, Feb 6, 2020, $25M — 3M Ventures, Nordic Option, Cornes Technologies Limited, Repsol Corporate Venturing, Valedo
- Series B, Feb 15, 2018, $15M — Conor Venture Partners, Faurecia, Ascend Capital Partners (S), Nanogate SE, Compagnie Plastic Omnium SA
- Seed, Jan 27, 2012, $1.9M — Conor Venture Partners, Tekes Venture Capital, VTT Ventures

## Investors

- Conor Venture Partners (https://capitalatlas.ai/funds/conor-venture-partners) — Seed, Series B
- Tekes Venture Capital — Seed
- VTT Ventures — Seed
- Faurecia — Series B
- Ascend Capital Partners (S) — Series B
- Nanogate SE — Series B
- Compagnie Plastic Omnium SA — Series B
- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series C
- Nordic Option (https://capitalatlas.ai/funds/nordic-option) — Series C
- Cornes Technologies Limited — Series C
- Repsol Corporate Venturing (https://capitalatlas.ai/funds/repsol-corporate-venturing) — Series C
- Valedo (https://capitalatlas.ai/funds/valedo) — Series C