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Comptek Solutions secures €8 million in Series A funding led by Horizon Europe EIC Fund and LIFTT S.p.A. to drive growth in customized passivation.

Apr 26, 2024over 1 year ago

Amount Raised

€8 Million

Round Type

series a

TurkuManufacturing

Investors

Liftt S.P.A.Horizon Europe Eic Fund

Description

Comptek Solutions has successfully closed its Series A funding round with an eight-million-euro equity investment. The funding involves a key strategic partner in the consumer electronics industry and leading Italian venture capital firm, aiming to drive growth in customized passivation.

Company Information

Company

Comptek Solutions

Location

Turku, Lounais-Suomi, FIN

About

The fresh funding will see the company grow as it expands its team and extends its technology portfolio. Comptek Solutions says that its Kontrox technology ‘will be adding further growth opportunities to the market in enabling more reliable, power-efficient, and affordable devices through its integrated passivation solutions on a global scale’. “Passivation is an essential factor of advanced optoelectronic chip manufacturing and Comptek Solutions is a key driver in this crucial niche.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers