Funding
Canatu Ltd, which is developing carbon NanoBud thin films for the electronics, optics and energy sectors, has completed a €4.7 million investment from Inventure Ltd, Infosto Ltd and Tekes, the Finnish technology development agency.
Canatu’s first products are flexible, robust and environmentally friendly transparent conductor films for use in touch screens.
Sami Lampinen of Inventure will join former Nokia CTO, Yrjö Neuvo, Aalto University professor, Esko Kauppinen and CEO, David Brown on the board of directors. Ari Ahola of Infosto, Canatu’s original angel investor, will continue as chairman.
“We at Canatu are delighted to welcome Inventure to our team and to have Infosto reinvest. Both are proven and well respected investors whose collective experience, energy and focus will be invaluable in driving our final push to market,” said Brown.
“Canatu is one of Finland’s most promising nanotechnology companies providing disruptive technology to fast growing global touch screen and […] interface markets,” Sami Lampinen, Managing Director of Inventure.
Canatu has patents and patents pending covering NanoBuds and their applications in displays, electronics, optics, energy storage and drug delivery, carbon nanotube and NanoBud production methods.
Receive the Funding Newswire [full access requires a subscription] each Tuesday, our Policy Bulletin each Thursday, and news about bridging Europe’s east-west innovation gap twice a month in The Widening. 
A unique international forum for public research organisations and companies to connect their external engagement with strategic interests around their R&D system.
